SI
SI
discoversearch

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 : The Final Frontier - Online Remote Trading

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TraderAlan who wrote (7139)5/3/1999 10:15:00 PM
From: Dan Duchardt  Read Replies (1) of 12617
 
I'm not foolish enough to debate you over how to trade in markets I know nothing about. Obviously you have a lot more breadth and depth of experience than I do, so I would expect you to do nothing less than to stand by your comments.

And I guess I have to stand by mine. For people who are still pondering the question "So You Want To Be A Day Trader?" and are contemplating diving into trading principally Nasdaq stocks using their wiz-bang, though somewhat unreliable technology, promoting an approach that suggests you should plan to overcome numerous losses with an equal or lesser number of long balls is highly suspect.

The nice thing about the laws of physics, something I know a bit more about than trading, is that they are universal, and verifiable. If I'm wrong, I'd like somebody to show me a consistent pattern of winning daytrading records that have more losing trades than winning trades.

In any case, lest it be lost for the lack of saying it, I took exception to one statement in an article that contained a lot of good thoughts. That should not be construed as a wholesale attack on the credibility of the author.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext