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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Eric P who wrote (10)6/5/1999 10:22:00 PM
From: Land Shark  Read Replies (2) of 18137
 
Great thread,

With all the MM schenanigans, it's not surprizing that 90% of day traders lose all their capital (or give up) within one year. IMO, the regulations for MMs (for all their worth) should be tightened to clean up the system. I always wondered why on Level II, I see a lone 100 share bid and many sells go bye before a downtick. Frustrating that the nos. published don't represent the true market depth. Seems fraudulent, what a scam!

I try to avoid day trading and stick to TA over longer time periods than 5 min. intervals and look at fundamentals. But, every time I get a fill on a short sell, I get the impression that the MMs or MoMos or what ever are out to get me. But, trend is your freind and despite the head fake that may come after my sell, it resumes its downtrend and I end up profitable. Emotions must not tear you away from your trade...
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