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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: hotlinktuna who wrote (56788)4/25/2002 10:41:24 PM
From: Smart_Money  Read Replies (1) of 99280
 
From what I see majority of Daytraders make money on a raising market. Greenspan provided the biggest wealth builder when he pumped money in the market in preparation for the year 2000 bug. In that senario 90% of traders made money save and except BMFM. On a declining market very few have the knowledge or willpower to short. Although many daytraders make money on a declining markets the hold and profit is much less.

Daytrading on the internet is very new in stock trading years so the 90+ percent loss has to be complete speculation.
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