Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VEEV 241.30

+0.5%

3:59 PM EST

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To: MakeMoney who wrote (7495)	4/28/1999 12:49:00 PM
From: Dave Gore	Read Replies (1) of 52051

I wouldn't go quite that far, as some (maybe 1%) of the Daytraders on the BB really are doing well. But they are often very gifted and have been former MM's or people with lots of contacts. I agree that it is a really tough way to make a living. And 95% of Daytraders last summer on the BB lost their shirts (or part of it). You all remember, I'm sure. Selective investing on quality stocks with a better than 80% chance of success are what I choose. Success to me means at least a 300% gain within 6 months. Even if it takes a few weeks or months, I buy dips on stocks I really believe in, and because I have DD'd them, I have little worry they will eventually go up bigtime. Some will only double, but others will do an MRPS or WLGS and go up 8-10 times or more.

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