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

To: marketbrief.com who wrote (2588)	8/9/1999 5:09:00 PM
From: marketbrief.com	Read Replies (1) \| Respond to of 18137

Speak of the devil... a nice paragraph from one of his dispatches today, apropos to this thread: "I am not in favor of resigning from a steady job to go to an office to daytrade. Daytrading is thrilling and exciting and, if the tape and your luck are good, profitable. But if your luck and the tape are bad, it can be extremely tough. My wife daytraded for a living for years and made a go of it, but she had in her arsenal every conceivable relationship and commission dollar that could be leveraged. And she still had a tough time." ~Smart$

To: marketbrief.com who wrote (2588)	8/9/1999 5:44:00 PM
From: Richard Estes	Read Replies (2) \| Respond to of 18137

I can say I have never read Cramer or Smith and have no plans to. I have seen the talking market heads on TV, I have never heard anything of true value there. I am surprised so many read or listen to anyone from New York or Chicago streets. If we are daytrading, subject of this topic, then our prime target is price movement and if it is following the direction of our trade. Each time we take our eye off that to let the externals jump in, we dilute the time and effort we can put on the real business of trading. It might be good cocktail party banter but does anything coming from the externals have anything to do with the trade you are in?