RE:351/cutting losses..That was a quote from the day trading article. The first half of the article pumps the investors being able to make $800,000 /yr with "little or no experience"...OKE DOKEY perhaps 1/1000 does....but the rest of the article, (the writers know that usually no one reads that far) goes on to say......"But there's no guarantees.
It's taken Kim six months to get close to his initial investment of $145,000 (U.S.). After taking some big hits early on, he's recovered to within a couple of thousand dollars, he says. <P>
''I don't worry about it. You lose today, you win tomorrow.'' <P>
Aishling Science, a 26-year-old Torontonian, has gained a reputation as prodigy at Swift Trade. With an initial investment from her father, she has been playing the stock market full-time for the past couple of months with uncanny success. But after a few $1,000 days, there came last Tuesday, a $2,000 one-day loss.
''It was a hugely bad day. I knew I should have walked away from the computer earlier, but I just kept thinking I can come back"
Unfortunately that is the experience for most of the novice day traders.. |
