Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Dan Celestino who wrote (1094)	6/7/1998 9:59:00 AM
From: Temple Williams	Read Replies (1) of 2120

Hi Dan: <<What is your honest opinion on daytrading. You probably have more equipment, resources and knowledge to put the odds in your favor but from what I can tell you don't practice daytrading.>> According to your profile, you've been going for quick hits for 7 years. In my experience (since the early 70's), no amount of bells, whistles and equipment can create a winning approach to daytrading. It's the same old, time-honored, proven formula ... homework, excellent money management, surpression of ego, a willingness to listen to the market (instead of yourself), and ruthless discipline. Notice that this formula does not contain a single gigabyte or megahertz. I'm not negating the importance of good equipment. All I'm saying is that no amount of cyberpower will prevent a bad trading style from being ... a bad trading style. Most people are not willing to do the work to daytrade successfully. Great trading to you. Temple skansearch.com

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