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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Harold Hertzfeld who wrote (14671)	9/19/1999 7:06:00 PM
From: John Curtis	Respond to of 27311

LOL! Yep, lightening trading with lightening like profits, or losses. And this is how most folks who try to make a living at this "thang" called day trading do their job.....their version of long term is maybe half an hour, tops. One of the cardinal rules of the breed is leave no "action" uncovered at end of day. All trades need to be completed and not carried over to the next session. I believe they average a very high number of trades a day, so yes profits may be slim on an individual trade, but hopeful all of them added together will amount to something larger. But can you imagine what it must be like come TAX time?!! Wooo boy! Talk about yer basic record keeping nightmare. Ugh! Bottom Line? To my way of thinking day trading amounts to trying to time an equity day in, and day out, successfully. Hell, even Wallstreet professionals average timing capability is lousy(I've read somewhere it's less than 50%), and here you've got yer average Joe/Jane trader trying to do it for a living? Is it any wonder trader outfits are shy about giving out statistics on performance levels of their participants? Heh! Anyway, I doubt it's a low stress job, that's for sure. But speaking of trading and what not, let's now see what post triple witching does to VLNC this week. Regards! John~