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

To: - who wrote (1037)	6/19/1999 10:58:00 PM
From: JavaAdict	Read Replies (2) \| Respond to of 18137

So are you willing to be that mentor? I feel like a mentor would have made ALL the difference for me over the past 5+ months. I actually had some VERY good investments. BUT, I got impatient, and started more active day trading. In the end, I lost when I would have been able to pay cash for our new home if I would have just had someone there to guide me, and just to tell me to "chill!" :) And, if not you, or Mr. Speculator, then how do I go about establishing a mentor relationship, and how will that relationship be defined? (ie. How much contact, how much influence over my thinking, etc.) I realize that by suggestion about being this thread's foster child was a little silly, but in truth, if this thread is what it seems to me, then what much of what I truly need is found right here. Now, the question, how do I implement it (besides my assigned reading) and what is the appropriate way in which to ask for HHEEEELLLPPPPPP! I have SO appreciated the members of this thread. Especially for accepting a repentent spammer :(, but I am in this for the long haul. I still have my seed money, I still want to trade, I truly enjoy it, and now I just need some guidance. Now, are you and the rest sure you are prepared to accept me into this thread? I am a very needy subject, and I think you all have many other things going on in your lives. signed, humbled and in need of true leadership (as long as the leader is not a lemming! :) I don't need any help going over cliffs!)

To: - who wrote (1037)	6/21/1999 4:56:00 PM
From: Yitz	Read Replies (1) \| Respond to of 18137

Steve: Futures vs. stocks is a topic that I've been wondering about for quite a while. I think that most people are under the impression that futures are more volatile than stocks. It's the leverage that makes it seem so, but, in reality, stocks - especially small cap - are where the thrills are. Is it correct that a good trader should be able to effectively trade any instrument? Even though technical traders don't necessarily know any specifics about the company they are trading, the consensus seems to be that you do have do develop some feel about how the specific issue trades. It therefore would stand to reason that spending time developing that feel for a limited amount of futures markets should be less difficult than following any number of equities. Also, I don't quite understand your comment that for futures you either have to know a lot or have a mentor. Why is that different than stocks? Certainly, using Level 2 properly is not simple. As most of us have learned by now, finding a true mentor is a difficult task, to say the least. The next best thing is following threads like this on SI - and I thank you all for the opportunity. Yitz