The Final Frontier - Online Remote Trading Message Board

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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: peter gucker who wrote (6317)	1/29/1999 10:11:00 PM
From: TraderAlan	Read Replies (3) of 12617

Peter, <daytrading is wrecking havoc on all the ususal technical indicators> Think the indicators are working just fine. But the MM system was never designed for the speed and volume of on-line trading and they're having trouble getting on the right side of trades, i.e. making a profit for the firm. With all these articles, you'd think stock day trading was just invented. I know folks, including myself, who have been doing it for years. It's just that the call to the broker, the wait on the line and the chat with the order taker were all part of the trading rhythm. <guess the question is anyone making any bucks doing this.......> The failure rate for very short term trading always has been, is and always will be very, very high. Probably over 90%. But profit pool for the other 10% has to come from somewhere. Alan

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