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

To: Eric P who wrote (4858)	10/12/1999 6:02:00 PM
From: DismalScientist	Read Replies (1) \| Respond to of 18137

Eric: I agree. but the problem with this type of poll is: What does the public think the term daytrader means? I don't like to tell people I know that I am a "daytrader" because most of them seem to believe a daytrader is someone who trades hundreds of trades a day in a trading room - often carrying one or more firearms. Regards and good trading Alan

To: Eric P who wrote (4858)	10/12/1999 6:39:00 PM
From: Richard Estes	Read Replies (2) \| Respond to of 18137

A few comments: I never have seen a poll that reflected proper question construction. Most are fixed to provide the response desired. The average person has no real knowledge of activities outside his small space of expertise. While Daytrading articles make for light reading similar to stories on the royal family of England or rock bands, we should always ask who decides what is worth reporting and if motives exist with those who control those decisions. The writer often has an agenda or is simply being used by some one who does. Since daytraders aren't dependent on a public or customer, I can't see any reason to be concerned about what others think about their actions. Governments and their regulating bodies are another matter, but there is little that anyone can do to change that. We could elect more responsible leaders but we have only showed that we as a nation are capable of that, a few times in our history. A poll of college graduates found that less than 37% could name their congressman and two senators. How much do you think the public knows about government and its actions? So don't worry about the image problem, no one needs to know what goes on between you and your computer. The real power in trading is independence, the only thing you need is data and a order taker. No one should give up their decision-making process to anyone especially to those that are selling a product or service. Am I saying traders should just cut off access to external information? Yes, to a large degree. Why do you care what anyone else cares about market? you can see the reality of price. Do we need newsletters, chat rooms, media, broker advice or analysts? Why follow the herd complex.