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Gold/Mining/Energy : Games Trader -- Ignore unavailable to you. Want to Upgrade?


To: John Paquet who wrote (552)6/7/1999 1:27:00 PM
From: Dettmer  Read Replies (2) | Respond to of 1239
 
<<It is for sure though one wants to make multiple million dollars from the market place [ to sweep all the money from the Exchange table ] do you think who is going to win?????????>>

Dear John,

I will assume that you are a millionaire sweeping all the money from the Exchange table. You are doing well, you leave the casino feeling good about yourself at night thinking: "Hey I really cleaned up today". And the casino owner goes home at night smiling: "Little Johnnie will be back and I will clean up because that is just the way the odds are."

Well OK. Let's assume the above doesn't apply to you John. I am only trying to make a couple points: 1) There is more than one way to make money in the market and 2) the odds are generally stacked up against the day traders.

Let's further assume that you do indeed make good money at day trading. Why would you suggest that people who don't day trade are not (or will not become) millionaires? Such a suggestion coming from somebody who has demonstrated experience and knowledge is to less the least quite amusing. Do you think that the GTR shareholders who loaded up in December at $0.90 and are still long are impressed by a small move on RGO? I highly doubt it.

Anyway, honestly I do not doubt your ability to make a few bucks day trading, but quite frankly I do not believe that this is the way great fortunes are build. Just remember, there are a lot of smart people out there who have made a lot of money in the market NOT day trading.

As far as GTR is concerned, as I said before, it ain't an Internet stock and it ain't a technology stock. Go figure, you seemed to have missed that point. Right?

P.S. Anything new on S?