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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Threei who wrote (17297)7/20/2005 12:50:25 AM
From: aldrums  Read Replies (1) of 18137
 
I think the economic theory of "perfect competition" explains why a lot of traders got blown out. Too many traders using the same TA techniques leaves less money or no profits for all but the most skilled or capitalized.

Also, after the volume died down, if felt like there was nothing left but a bunch of proprietary traders with OPM competing against me. That's what took me out of it.

Finally, I really believe trading your own account sucks as a job...ha ha! When I go to work today, I don't have to worry about losing the money I made yesterday.
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