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

To: - who wrote (504)	6/11/1999 6:13:00 PM
From: Ken Adams	Read Replies (1) \| Respond to of 18137

Alan and Steve, I completely agree! This is all overdone, just as it has been in the past. It makes for interesting press, but, I doubt it'll come about. Ken

To: - who wrote (504)	6/11/1999 6:21:00 PM
From: Robert O	Read Replies (2) \| Respond to of 18137

Does anyone have a reference (resource) telling the tale of how Vic Niederhoffer went bust? I thought his book was a pretty good read, and not two weeks after adding it to my bookshelf he's BK. Recently came back to zero myself after breaking the rule of too much in one play. But here's my only problem and the problem of many traders (I'm short term not usually days but weeks): The costs involved will eat you up sooner or later just as the one big play that goes bust will. One will happen faster but, like at the casino, little by little they'll decrease your stake until you're in the red. Obviously, the fear of getting eaten a little at a time, in hindsight, sure would feel better than getting swallowed whole. Jaws versus army ants... neither feels good. RO