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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%Dec 5 9:30 AM EST

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To: Glenn D. Rudolph who wrote (7323)6/24/1998 11:15:00 PM
From: Bilow  Read Replies (1) of 164684
 
Hi Glenn D. Rudolph; About jawd and his luck vs. skill...

One of the cool things about daytrading is that luck
just won't keep you in the business.

It is possible to have a completely successful long term
investing career by making a single lucky pick. MSFT,
for example.

But day traders put it on the line every day of the week
with multiple trades per day. It is just not possible to be
lucky over that many trades, any more than those who
make a living playing poker use luck.

-- Carl
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