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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: funk who wrote (1012)	11/16/1997 10:44:00 PM
From: funk	Respond to of 12617

James, Take a gander at this web site and let me know what you think. daytraders.org Tomorrow is going to be my first day with that being a part of my scene. Tomorrow is also going to be the first day my wife is going to be in the boiler room with me. KICK ASS! Steve, A and me...we are lucky. We are self employed and our "trade" is seasonal...so we get to "quit" our jobs for awhile anyway. AE

To: funk who wrote (1012)	11/16/1997 11:04:00 PM
From: funk	Read Replies (2) \| Respond to of 12617

Maybe a part of my outlook on life...is attributable to being self employed. When the GE trader was telling his story from boston; I felt bad for him. I would never "encourage any one to daytrade", but I was a little confused. Four thousand bucks up in smoke...yeah that sucks, but wow run any business...ANY business at all....I guarunFUNKINtee you... you will make mistakes that smoke up thousands of dollars. Hopefully not very often and maybe not always too many thousands, but such is life. Daytrading for me is another part of my little business. There will be gains, losses, expenses...and hopefully it runs in the black....but holy smokes any business has risk, any business has a learning curve, and in any business, or if you work for another you still have to be wary of creeps that exploit the innocent, naive, or wreckless. Hey, you think Day trading is tough? Try farming! AE The fellow that doesn't want to devote time to trading? I think he better take steve's advice and buy a mutual fund. I'm putting in like 80 hours a week...hopefully some day that won't be the case, but ask anyone that runs their own business how many hours they work. Atleast to get started you have got to PAY. In theory if you PAY with lots of hours and worry, you won't have to pay with lots of money. But that is just theory. My old man always told me... When you go to the school of hard knocks... you've got to keep paying tuition. I felt like if the GE trader had a computer at home and just figured out his own modest strategy....but you know that isn't for everyone. And to each his own. AE

To: funk who wrote (1012)	11/17/1997 8:31:00 PM
From: steve goldman	Respond to of 12617

Aesashely, thanks for the message. Heck, if you like 9 out of 10, then I must be doing something right. Don't get me wrong, I, me, myself, am a professional trader who does this day in, day out for my clients and myself. Nonetheless, if you watched tv with the Etrade ads with some sexy women up at midnight checking her portfolio, and if you checked the day trading threads, you would think that you could only make money by day trading. As experienced traders, you and I know that is not the case, far from it, that day trading is probably the most risky, gambling-like type of investing, if you want to call it that, that there is. I am sure you are a great trader and so the concept of losing money or not having discipline does not strike you. Yet a lot of readers here "hey, I bought xyc at 10 and sold it 10 1/2 , 2minutes later, I did that 4 times, 20 round trips, etc. "" and all they think is wow, let me give up my profession and become a soes trader....bad move. <<Go balls out>> True professionals don't do that. They may give the appearance they do, but in truth they are in check and in control. I guess we have slightly different approachs. I can't speak for your success and I hope and wish the best for you. I do know what has worked for me and am simply trying to share that since I dont see anyone else suggesting caution, etc. Regards, steve@yamner.com