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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: TraderAlan who wrote (6318)1/30/1999 11:05:00 AM
From: KM  Read Replies (2) of 12617
 
<,But profit pool for the other 10% has to come from somewhere.> That's a sad but true comment. The 90% who fail are there for the rest to take their money. Glad you had the guts to say that. The English teacher profiled in that WSJ article really ought not to be doing this. I position traded and traded options for sixteen years before I ever tried daytrading on a regular basis and have been able to live on the proceeds of the daytrading from day one. I think a lot of the newbie types chase the lower priced and internet stocks looking for the big payday. Personally, I've found it easier to make consistent money scalping the "Four Horsemen" as you call them plus a little SUNW/ASND, AOL from time to time and the like. The biggest hits I have taken in the past year were position trades on roach motel stocks and I've given that up for good. FWIW. I like your commentary and your Morning Trader, read it every day.
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