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


To: JB2 who wrote (1849)7/13/1999 7:26:00 PM
From: marketbrief.com  Read Replies (1) | Respond to of 18137
 
Excellent post JB2! Thoughtful and accurate, particularly the bit about innumeracy.

~Smart$



To: JB2 who wrote (1849)7/14/1999 2:12:00 PM
From: Dave O.  Read Replies (1) | Respond to of 18137
 
< <Do you hesitate to say "I'm a trader?"> I do.

When I say I trade stocks I've been asked more than once .... "Oh, you're a stock broker?" It then takes a near dissertation to explain to people what a trader does, and I'm talking about supposedly intelligent, educated people.

< Every since I read the book, "Your Money or Your Life" by Joe Dominquez in 1992, .....>

I read the book as well .... you know Joe was a Wall Street analyst who "retired" at 31. I got a nice letter from him about 3 years ago, before he passed away. Many of the concepts in his book certainly would not be embraced by a lot of yuppies/baby boomers.

Dave



To: JB2 who wrote (1849)7/15/1999 7:15:00 PM
From: bajasurf  Read Replies (2) | Respond to of 18137
 
Dear JB@ or Paul or any other successful short term trader:

I have been trading about three years using a variety of methods and am slightly ahead. I am very frustrated that I have not found a way to make money consistantly. Until seeing this thread, I have not found anyone who makes a living trading. There are plenty of people who are selling "magic black boxes" who say their system will make you money. They obviously have a conflict of interest. I would like to glean from your success stories as to how you do it. If you don't want to post your advice, I would appreciate an email at bajasurf@isat.com. The primary questions I have are. How do you screen quickly which stocks you will trade? How do you determine entry and exit points? Which online charting service provides the best tools for short term traders? Also, which brokerage firm do you prefer for trading?