Trading For A Living Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trading For A Living

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: William W. Dwyer, Jr. who wrote (1595)	4/19/1999 3:01:00 PM
From: Eric P	Read Replies (2) of 1729

I truly believe there are reasons why most traders cannot win consistently over time with daytrading, and the reasons have little or nothing to do with one's being intelligent. In fact, I believe the intelligent ones see early on that it's a loser's game, not unlike the casinos in Vegas. Very wise analysis. The vast majority of daytraders lose money, probably more than the widely quoted 90% figure. Many of these traders lose money due to factors beyond their control => Often times, the cause is that the rules of the marketplace are made by the market makers. These rules create stiff disadvantages that are extremely difficult to overcome in order to be successful. The best source of control that the daytrader has is to choose when and when not to trade. For the vast majority of traders, this control is best exercised by never trading. Typically, over the long run, Trading = Losing Money. -Eric

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next