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Strategies & Market Trends : From the Trading Desk
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To: steve goldman who wrote (3177)6/9/1998 2:32:00 PM
From: Darren  Read Replies (2) of 4969
 
Steve, I feel sorry for you. It's every fallen day-traders desire to be a good trader, and you obviously didn't feel like you could make the cut. You've lost the edge.

1 in 30 is a joke. More like 1 in 3. And most people don't quit because they are losing money, they quit because they aren't making enough money to support themselves and their trading.

Also, you give MM's too much credit. If these people were as good as you think, they'd be on their own. The fact is, because the system is in their favor, it allows them to blunder their way through to make money most of the time. Good day-traders simply exploit inefficiencies in the market. It's not voodoo.
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