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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (375)	6/9/1999 1:02:00 PM
From: KM	Respond to of 18137

I love trading EBAY but never more than 300 shares <G> I do not have the guts for it. I'm happy to scalp $500-1,000 per day. When I get to that, any trade has to be a no brainer or I won't do it. I read about people doing a lot more than that and I suppose that will come in time, but right now, staying in the game is the top priority.

To: - who wrote (375)	6/9/1999 1:06:00 PM
From: Paul Viapiano	Respond to of 18137

Steve, the equity curve model you suggest is truly the way to success as well as your point re: a smooth steady growth in all markets as opposed to the EBAY guy who makes a mint in a month. Longevity is the key and you can't accomplish that by being foolish or neglecting money management rules. It may not be as exciting to some but you are building a business for the future. Putting half your equity into a hot stock is like a retailer stocking half his store with red dresses. If they're hot that month he makes a fortune; if not, he ends up discounting to get rid of them. Paul