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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?!
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To: J. P. who wrote (43)1/17/1999 1:45:00 PM
From: Sword  Read Replies (1) of 611
 
J.P.: Excellent post. I agree emphatically. Position trading is where the money is to be made. Furthermore, the psychology of human/market interaction makes it important to NOT watch the screen every second. But everyone should keep in mind that this means that you manage your money well. Keep the exposure small and don't bank your whole account on one trade.

For 99% of the traders, this is the most profitable technique.

Be forewarned, those of you who are considering making this your full-time job: I have received many messages from people who have lost not only their capital but their families as well, who have left in anger and disgust, their spouse, who being addicted and broke, looks evermore to "make it all back" through one last gamble.

-Sword
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