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Strategies & Market Trends : Trading For A Living

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To: Mama Bear who wrote (1614)	4/21/1999 9:45:00 PM
From: Adelantado	Read Replies (3) of 1729

"...Joe, have you ever heard of short selling?..." I don't know why you think that there is any real difference between short and long trading, the first is selling high then buying low while the other is buying low then selling high, hopefully. Both are one in the same and depend upon guesses as to the direction of the market. Short selling in a rising market is just as stupid as buying in a falling market. As to day trading vrs. longer time trading such as buy and sleep stategies: its just a question as to how often you want to count your money. For me, day trading indicates an inherent lack of confidence in the trade, probably for a lack of knowledge. People who rely upon the peaks and pits of charts coupled with comical names for certain so called "techincal" formations to 'predict' the future remind me of the old shaman who could predict the course of any illness by the way knuckle bones fell in a circle. Frankly, technical analysis has about the same sucess rate and day trading on that basis will cause anyone to fall ill with time. Joe

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