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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Mathemagician who wrote (17754)	9/24/2001 8:56:29 AM
From: SpinCity1	Read Replies (2) \| Respond to of 208838

To one who does not know me so well: Highly leveraged and long are not my trading style. Taking profits are. I have day traded for 4 years, the goal is to take profit each and every day. With 200 + trading days in the year a modest profit of 1000 (minus about 50 percent for state and federal taxes) a day makes some nice spare change. With day trading the idea is to keep the losses to the bare bones (stop loss orders for those with no self control) and taking profit. I can trade from 7:30 AM so there is always time to get positioned. For retirement I have real estate holdings, SEP IRAs, bonds and of course cash. I have always been a strong believer in CASH. So to restate your post.. "I could be wrong, but to me your post sounds like it was written by someone who held a highly leveraged long position in some companies with suspect business models and blamed it on "the shorts" when the inevitable happened"