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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Eric P who wrote (16880)9/14/2003 6:47:03 PM
From: hypostomus  Read Replies (1) of 18137
 
This is a harbinger of the retreat of fear and the advance of greed. In the last two weeks the number of emails I receive offering to introduce me to trading has about doubled. Some of them, like NaviTrader, are very slick. I recommend that you look at their site just for amusement, and to consider the nature of the scam. I get an email from them every day.

Here in LA we are being treated to an infomercial by TeachMeToTrade showing a large auditorium full of enthusiastic trading students. The pitchmeister says "One month I made over 700% in my account!" A stream of reincarnated Ma and Pa Kettles rhapsodizes about what an exciting prospect on-line trading is. "Only five minutes a day!", says Pa. "We can trade together!", exclaims Ma. The operative word throughout is "exciting". The best quote I remember is "Don't even risk a dollar!" Sadly, the target audience clearly is early baby boomers who presumably rode the horse over the cliff in 2000.
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