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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Richard Estes who wrote (1512)12/5/1997 5:43:00 PM
From: TFF  Read Replies (1) of 12617
 
Email reply. Thought it was interesting:

personally I have no luck position trading. Essentially this is what you are doing. If you are going to position trade effectively I would diversify. The only problem is when you diversify you limit your potential return. May as well use a mutual fund.

Vicious circle isn't it?

That's why I daytrade.For serious money it gives me the opportunity to use my experience "reading the tape" for concentrated positions and greater returns. Otherwise I buy mutual funds.

For fun money, position trading can be a hobby but I wouldn't rely on it for above average gains.

Cheers!
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