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

To: Raymond Duray who wrote (15161)	2/4/2002 6:15:11 PM
From: exdaytrader76	Read Replies (1) \| Respond to of 18137

So you got bored making so much money, right? I'm utterly bored by what you find fascinating. I know full well that watching the tape is crucial to a trader's success. I, OTOH, have no particular interest in trading, and basically find it to be an uneconomically useful form of gambling. Not that I don't understand the basic human fascination with the action of the casino. Just that it really isn't a true net benefit to overall economic activity. Everytime you buy an investment rasin and the spread is not a mile wide, that's because some of those worthless traders have been TRADING your rasin, allowing you to buy it at a better price. I know you think the rasin spread is part of the vast Evil Rasin Market Maker conspiracy, but it's not.

To: Raymond Duray who wrote (15161)	2/4/2002 6:26:59 PM
From: hypostomus	Read Replies (1) \| Respond to of 18137

Ray - Thanks very much for the link to Ney. I read his "Jungle" in my youth one or two centuries previous, but totally missed the 1974 book. Victor Neiderhoffer's problem was not the Harvard degrees, it was the fact that he was a jock and excessively proud of it. When I was a kid, the sum total of my investment education as southern white trash was "Jesus saves, but Moses invests." If you don't trade, what the hell do you do? Investing is dead, or at least comatose. And I deeply regret that you invited me to your thread. I am far too busy with my own "I love me" thread to visit yours. - Mike