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

To: Craig Bartels who wrote (4852)	10/12/1999 4:29:00 PM
From: Threei	Read Replies (1) \| Respond to of 18137

Investors in the CBS MarketWatch poll, to the tune of 49 percent, said no when asked, "Do day traders know what they are doing?" This is truly amazing. Here is opposite question: do investors know what they are doing? Reading YAHOO message boards on particular stocks measurely educated daytrader would answer emphatically NO. What, average daytrader loses money but average investor makes money? I don't think so... Vadym

To: Craig Bartels who wrote (4852)	10/12/1999 5:21:00 PM
From: Eric P	Read Replies (2) \| Respond to of 18137

Investors in the CBS MarketWatch poll, to the tune of 49 percent, said no when asked, "Do day traders know what they are doing?" I would hate to generalize whether "day traders" as a whole "know what they're doing". Obviously, this is an inappropriate question because some daytraders are very profitable, and some are heavy losers. The profitable ones certainly must "know what they're doing". Now, let me change the wording of the MarketWatch poll question... Do you agree or disagree with the following statement: => At least 49% of those actively day trading today do not really "know what they're doing". Put this way, I have to agree with the statement. The ones that "know what they're doing" are profitable, at least by my definition. And profitable daytraders are likely to be less than 50% of those that day trade. May we on this thread always be "in the know"... -Eric