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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: double-plus-good who wrote (50063)	1/17/2000 10:48:00 AM
From: Anthony@Pacific	Read Replies (2) \| Respond to of 122087

The following Statistic is the most fundamentally important factoid of 1999, for all those who think momentum and spread trading is a viable way to make money. " An SEC study found that sixty-seven out of sixty-eight day traders were losers. Another study found that seven out of ten lost all their money. The advances in computer and information technology that made day trading possible in the first place are the very same forces now pauperizing traders. The big, endlessly capitalized Wall Street firms have chased out the inefficiencies that once allowed independents to make small profits. Little guys no longer have any hope of getting an edge on the spread "