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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Olson who wrote (5109)12/20/2000 5:48:34 PM
From: CharlieChina  Read Replies (1) | Respond to of 8925
 
Financial Sex ...

boogie oogie oogie ... ooohh ... boogie... boogie some more ... listen to the music ... capitulation ... the word sounds sexy ... it might be time to get back to work ... soon ... and make some low risk ... quick teasing tanquil trades

Sister Sledge ... hot ... burning ... blistering ... blinding ... binding ... bombastic ... bliss ...



To: Jerry Olson who wrote (5109)12/21/2000 9:46:28 AM
From: Bill Cotter  Read Replies (2) | Respond to of 8925
 
Hi Jerry; I have some questions about 'the room' and day trading.

1) If you have 100K to trade, what would you expect the average 'pay day' to be? In other words, can you look back at the last 3 months, calculate the average gain/loss per month, divide by 20 (days/mo) and express that as a percentage of your trading capital? I want to see if I can quit the day job.

2) Is everybody in 'the room' a full time day trader?

3) What about the stacks of confirmations. Do you have to manually enter them on Schedule D or will the IRS permit a computer generated form?

4) Do you use more than 1 computer?

I have been investing since 1963 but have never done options. My experience with shorting has not been good. Around this time last year, I shorted a bagfull of high flying blimps. One of them, CMRC, went up 70 points in one day (pre-split)! Lockout expiration helped but I wound up taking a substantial loss.



To: Jerry Olson who wrote (5109)12/21/2000 1:11:20 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 8925
 
OJ, do you sense a intermediate bottom with a rally into the FED meeting in January??

Pesimism and talk of recession is so loud that since my return to NYC it sound like 1992 again.

The world is coming to an end you know that <GGG>

Haim