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Strategies & Market Trends : Lizard King's Trading Swamp

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To: deep_rough who wrote (530)8/19/1997 4:55:00 PM
From: Andrew Hunter   of 7396
 
Although I have a larger long term portfolio, my active day trading porfolio (about 20 trades per week) hovers around $25,000 and I earn between $6-8,000 per month, or $1,500-$2,200 per week. I don't suppose I'm as good as L.K., because I'd love to be making 2-3 grand a week but find the prospect very unlikely. Every once and a while you just get hit by something extremely sucky, like my experience with SYNT and SPNSF today. After making over $3,000 last week, viola, there goes over half of last weeks work. This happens often enough to keep my profits around $2,000 a month. If anyone has any tips on how to never take a big loss, I'd love to hear them.
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