Brentsky,
I particularly like your comments about how 'it was hard to tell' what my argument was, and as well, your insulting comment that my comments come from a frustrated broker unsure of the markets direction...cute! Argue the merits. Argue the points. Leave the offhanded personal attacks out of it.
I will tell you this, when I analyze any company, any business model, any 'scheme', I look at it in the most negative light. I assume the worst in my analysis so I fully know the absolute downside (if you can everknow with certainty) but I dont whitewash it as something its not. You can of course target the best scenario and work diligently for it, but if you end up realizing the worst, atleast you wont be disappointed.
If any broker or trader or 'stock guru' ever said they had some scheme, I would probably turn and run the other way immediately.
And I must tell you, there is very little up here in the way of commentary about the downside, the losses, the missed opportunities that come from such endeavors.
"Sure it doesn't work for everybody. Does every person that starts a business succeed? Can anybody be a manger or a baseball player or a real estate agent? " You are 100% right, and the odds of being successful at daytrading are probably somewhat better than being a ballplayer.
Look, in now way am I saying that someone can not be successful daytrading. I have seen it happen many times, great traders, well disciplined individuals make wonderful money doing something they love. I have also seen many lose and many lose miserably.
As well, successful day traders also tend to move on to things more significant. Afterall, you don't Houtkin daytrading, Ken Wolfe is making his money running a daytrading chat room, The block brothers, i betyou they arent' trading for 1/4s any more.
Brentsky, lets argue the points, its much more meaningful to readers.
Didn't mean to offend anyone with the Fool's Gold comment...those who are successful at it, I am sure you are confident in your skills and you haven't let a comment like that derail you <gg>.
Regards,
Steve@yamner.com |
