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


To: Anthony@Pacific who wrote (74561)1/4/2002 8:23:51 PM
From: Anthony@Pacific  Read Replies (1) | Respond to of 122087
 
Mutt <----takes a broadside hit to the Bow !! another crushing loss for the cellulite caked one today.



To: Anthony@Pacific who wrote (74561)1/4/2002 9:07:25 PM
From: Bilow  Read Replies (1) | Respond to of 122087
 
Hi Anthony@Pacific; Re: "I dont believe day trading is a worthwhile strategy... the only thing that I know that works is goin after scams and riding them like sheep."

It is a fact that there are thousands of ways of making money in the stock market. Everybody would be permanently wealthy, except for the inconvenient fact that there are millions of ways of losing money.

Daytrading is boring, but all my buddies who were making money at it 3 years ago are still doing it, and making more money than ever. But they're trading in a big office with very good commissions and a lot of very good support. This is not at all similar to the commission houses like All-Tech (which had the shootings years ago).

The problem for the majority of mom and pop day traders is that they're trading at home in their underwear. They typically even go home flat. There's no one for them to learn the ropes from, and there's no one to ride their ass when they do something stupid, like hang onto a loser. At a good day trading shop, everybody knows more or less what everybody else is doing, and when you do something egregious you have a "24" come out and ask you what the hell you're doing. Trading in bulletin board stocks is strictly forbidden.

A good rule of day trading for beginners is to never open an account at a company that doesn't day trade it's own money on the same machines and software (and in the same building) using "proprietary" traders. If they aren't willing to put up their capital, the trader shouldn't either. But there are plenty of daytrading firms that are still hiring 22-yearolds, with no capital but with fast hands to learn trading, and have positions open for experienced traders (with a proven record of profitable, safe, trading) trading the firm's money at the firm's risk. For example:
onli.com
onli.com

-- Carl

P.S. Congratulations again on your victory. I'm the one-man Rambus anti-BS crusader, but they haven't sued me. Some of their investors (gamblers) would probably like them to do just that.