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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: steve goldman who wrote (2377)	1/13/1998 11:16:00 AM
From: Richard Estes	Read Replies (3) of 12617

1. While you say it is fool's gold, you berate Don for an overnite trade. Driving home an impression that the fool's gold is real. 2. A broker that has an account that trades >250 trades a year, should make more money on a customer than the one that trades 20 times. If daytrading is fool's gold, why encourage it? 3. No matter what their cost is, the customer pays the bill. The one that can't stay in a stock at close, pays more. 4. I think you should be objective and have the numbers to back up any assertion that becomes a part of a trading plan. Yes this bull has allowed many to throw darts. A "trader" without backup numbers and a idea about probabilties is playing a "feelings" system. Sounds like someone picking the best slot machine to play by the color of the lights. I certainly go thru a more in-depth process than you do. So someone gets a list of say 100-500 stocks that could result from " stocks with upticks/ downticks in volume, % gainers and news stories" that don't have earnings due and watch them all day. waiting for some movement, then when tickle is there you jump on. Making sure you are out by close. Sounds easy.

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