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Pastimes : Daytrading and Stock Trading Addiction
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To: Sword who wrote (279)2/1/1999 7:46:00 PM
From: Theo Karantsalis  Read Replies (2) of 330
 
Now, isn't it ironic that the online trading issues rocketed today?

They should make it mandatory for each investor (or trader) to read Security Analysis before they open an account. I know too many people who have lost their ass day trading. Alluring? Yes. Dangerous? Yes. One fellow in California lost his lucrative gas station because he devised a can't lose plan. Well, he lost.

I felt bad last month when I got the urge and day traded FUTR. I bought five-figures at 12 1/2 (the high), and watched it plummet to 8 1/2- on the same day! Expensive lesson, especially for a sure thing! For those of you who have lost, you know the feeling. You feel it in your gut, then you think about how you could have better spent the money.

So, now I just stick with MO and HD.

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