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Technology Stocks : Dell Technologies Inc.

DELL 122.55

+4.4%

3:59 PM EST

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To: Alohal who wrote (122197)	5/4/1999 7:20:00 PM
From: Chuzzlewit	Read Replies (4) of 176387

Hal, I've seen a lot of people who claim they make money day trading, but I'd bet my last cent that very very few of them actually do, and of those that do, most underperform the broader markets. The reason is really simple. Day trading is at best a zero sum game if the system were frictionless, but it isn't. You must buy at the ask and sell at the bid, and you must pay commissions. Now consider a trading system in which your only other trading partner is a day trader. Simple mathematics tells you that their aggregate worth must decline. I'm not writing this as a challenge to anyone. If Donnie and Granola say they make money doing this I have no reason to doubt them. TTFN, CTC

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