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

To: Raymond Duray who wrote (15124)	2/3/2002 2:40:56 PM
From: hypostomus	Read Replies (1) \| Respond to of 18137

Ray - One of my favorite trading books is John H. Hayden's "The 21 Irrefutable Truths of Trading." He says that it is human nature for each of us to seek certainty, variety, significance, and connectedness. The markets give us no certainty, but variety in excess, and certainly grants us no personal significance. That is why connectedness is so important to us, even of the kind you just created. Good trading to you! - Mike

To: Raymond Duray who wrote (15124)	2/3/2002 3:50:05 PM
From: Allan C.	Read Replies (2) \| Respond to of 18137

Don't you know? 90% of all short term traders lose money (and 10% lie) This is well documented in the many extensive government studies (ok, only one small report) Certainly no daytrader I ever heard of would say there is a success rate greater than 80%. All these trader folks are out in the real world earning money writing software or plumbing houses or drilling teeth. They spend a few months pursuing a "new career", pump all their dough back into the system, then go back and start earning it again. To imply that traders were "parasites" would mean they would have to be successful!!