Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Raymond Duray who wrote (15251)	2/17/2002 1:44:30 PM
From: hypostomus	Read Replies (1) \| Respond to of 18137

Ray - Alas, I am not qualified to respond to your post. I am barely graduated from wannabee, barely into gonnabee, and not yet making nearly enough to live off of trading alone. I could not care less about what "really" goes on in the markets. The free market economy has survived far worse thieves, charlatans, incompetents, and frauds than you are complaining about. From my perspective, somewhere between a tick chart and a one minute chart, the market is randomly chaotic. If it is manipulated at that level, I am only too happy to go along for the ride. I only care about what price and volume will do for the next ten minutes. Fundamentals, news, scandals, and anything other than the last 300 minutes of data hold absolutely no interest to me. Reading the books from the early 1930's, I am encouraged that the market can go completely to hell, and a skilled trader can still make a living. - Mike

To: Raymond Duray who wrote (15251)	2/17/2002 2:26:08 PM
From: Dominick	Respond to of 18137

Does the day trader consider his exposures to credit risk? Or merely stare at a narrow window of contrived and incomplete technical data and try to compete against market makers who do the contriving and have more complete information for a permanent advantage? I can't speak for others but as a day trader I do stare at that "narrow window of contrived and incomplete technical data....". I know the house always has an advantage over the player. It's just a fact of life. My job is to study the characteristics of a stock and plan the entry and exits to take advantage of them. ..... But it does seem to me the day trader necessarily must know and accept the limitations to his role in the food chain. Something touched upon on this thread, but never fully exposed to the light of day. I would like to know what experienced day trader doesn't know where he/she stands in the food chain. What's to expose? Again, the house always has an advantage over the player, that is well known, yet there are players who can make a living from it. Dominick Dominick