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

To: KM who wrote (1496)	7/3/1999 5:34:00 PM
From: TraderAlan	Respond to of 18137

KM, I certainly understand that there are very sharp traders among the youngsters. But from what I hear from broker-dealers, they have much higher turnover among the younger traders than older ones. In fact, some actively discourage younger traders from opening accounts as they regularly walk in with inflated expectations and under-capitalization. There's a bigger premium developing among the brokers to fill the stables with lower-yield, more dependable accounts than the quick crash and burners. Many of them have had visits recently from the SEC and good success/failure ratios might mean the Man will leave them alone longer. Suitability? Alan