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

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To: steve goldman who wrote (1103)6/9/1998 9:53:00 AM
From: Brentsky   of 2120
 
Steve,

I agree with the detail of your points; it's just your headline:
<<Daytrading? Personally I think it's fool's gold.>>, that causes me grief.

Remember, you are in a different business than daytrading per se, and comments like this give the impression of a conflict of interest. The term <<fool's gold>> gives a very negative connotation of a daytrader and anyone pursuing investments in this arena.

From all of the messages I've received, discipline and hard work seem to be the criteria for daytrader. Hey, isn't that the criteria to be successful in anything? Sometimes easy tools, like computers, make everyone thing they can be everything from webmasters to daytraders. Some will be successful and some won't.

Even though Ken makes money with his chat room, according to him an assistant still executes his daytrading recommendations. A true entrepreneur!!

Sorry about the broker comment; however, you'll have to admit, the conflict of interest could lead one to that conclusion.

Brent

P.S. would you say the chances of success in daytrading are above a utility infielder or allstar outfielder?
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