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: Brandon who wrote (10931)	12/15/2000 9:10:26 AM
From: TraderAlan	Respond to of 18137

Brandon, I respect 3i and Chris greatly. Both of them take their discipline very seriously. And it matches their dispositions. As you know, one of my biggest gripes with scalping is how the strategy has been pushed by the broker-dealers as the "preferred" short-term trading strategy. This has not been done because they want their customers to succeed. It's because a. they make a fortune on the high ticket volume and b. many of the B/Ds came off the trading floor and that's the only form of trading that they really understand. I strongly believe that telling new traders to go that route pushes them through a meat grinder. We would never have seen the attacks on the industry last year if they taught a variety of approaches. And they would not be facing a 90%+ washout rate for their clientele. Alan