Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: davealex who wrote (8028)	4/26/2000 9:50:00 PM
From: Brandon	Respond to of 18137

Dave, Unfortunatly most traders dont trade like you do, or fortunatly because in the long run most of them have to go go broke. They trade based on hope, greed and ego which can make for some stupid trades. Too many people want to pick the top and bottom and get torn to bits in the process. Too many look only at the potential for vast riches, but think nothing of the huge risks they might be taking. Brandon

To: davealex who wrote (8028)	4/26/2000 10:10:00 PM
From: Dave O.	Respond to of 18137

< It would be more correct to say that careless traders and investors who did not practice sound risk and money management got wiped out > I suppose my prior post was incomplete. The above is more to the point. I think I responded to Alan's post about novice traders. And from past experience I've seen lots of newbies hold tight and not take losses. Trades become investments and losses mount. And these traders slip from being true day traders as they carry the underwater "investments" for days (or weeks/months). Some use margin to try to dig out and get themselves deeper in the hole. Then they play more volatile issues in hope of hitting that home run. Often, such trades are lower probability trades and only increase the likelihood of the trader blowing out in the end. Dave