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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Reloader who wrote (1926)4/17/1999 8:44:00 AM
From: William W. Dwyer, Jr.  Read Replies (1) of 2120
 
Reloader,

When you find yourself constantly in a position where doing "the right" thing is so difficult that you cannot do it, the answer may be that whatever you're doing is not fundamentally sound in the first place. In other words, whatever you're doing to put yourself in that position is the problem.

Perhaps you're taking the wrong kind of trades, picking the wrong stocks, using an unsound trading strategy, etc. And, when one constantly hears that something like 80)% - 90% of daytraders lose over time, having the problem you mention would seem to follow logically and naturally. The odds are simply against you.

Bill

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