Joe, have you ever heard of short selling?
Hope, greed, and fear? Most of my trades are predicated on constantly repeating patterns. If the pattern varies, I don't hope that things will work out. I exit, and move on to the next trade. If I do that, fear doesn't figure into the equation. When the trade goes my way, I close the trade after a target is reached.
You know, daytrading is not for everyone. But just because it's not your niche is no reason to denigrate the folks who are doing it every day for a living. William speaks of the stress he feels. I feel the stress at night when I try to carry positions. I know my cash money isn't going to gap down like CPQ, PDX, or ETEC. I just wrote another fat check to the US Treasury, so I know I'm not doing poorly.
Please don't laugh at me, and I won't laugh at silly things like 'when the market goes down, day traders are hurt', or William saying the only way to succeed in the market is to stay away. Of course CDs are the right way to go for some people. It all depends on your particular disposition.
Barb |
