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

To: Craig who wrote (2190)7/30/1999 9:26:00 AM
From: marketbrief.com  Respond to of 18137
 
hi craig, i don't have a TV so I didnt see Nightline... shows you how "wired" I am! ;-) Um, I DO believe that if you don't actively try to get out and do things like go swimming or visit friends after 8 hours in front of the screen, then your mental health is going to suffer. I've found that reading good books that have NOTHING to do with trading or the market really helps me stay in focus.

~Smart$



To: Craig who wrote (2190)7/30/1999 11:38:00 AM
From: Boom Dog  Read Replies (2) | Respond to of 18137
 
Frankincense and myrrh?

<<<People easily forget that "trading" is nothing new and is not a function of the modern age. Think back in history folks. Frankincense and myrrh anyone.>>>

Ancient traders of frankincense and myrrh were *very* different from today's daytraders. Typically, they either dragged the spices from Arabia themselves, financed the expeditions, or arranged the sale to the end party. Without them, frankincense and myrrh would not have been available in the markets.

Daytraders do not make stock more available, unless you consider "adding liquidity" to make it more available. The companies, exchanges, and brokerages have done all the work in making the stock available to the general public, and daytraders don't contribute.

Nothing against daytrading. I happen to like it. But to consider it as anything more than a selfish pursuit seems a stretch to me.

- The Boom Dog



To: Craig who wrote (2190)7/30/1999 11:51:00 AM
From: Richard Estes  Read Replies (1) | Respond to of 18137
 
But how many on this topic would sit in a commission mill "trading" room. Punching keys as fast as they can, like a video game. You would have to be a little off to do that. If that is "daytrading", I don't want to be associated with it.

The computer, cheap commissions, data sources, and technology put the ability in the hands of the public. It is different now, it is a new ballgame.


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