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

To: Eric P who wrote (2166)	1/6/1998 5:58:00 PM
From: TFF	Respond to of 12617

Eric: I have daytraded $100,000 in one ILLIQUID/SMALL CAP stock. LIQUID/LARGE CAP stocks offer the opportunity to trade much larger positions. From my experience once you exceed $2 million dollars it becomes unmanageable. This is assuming that you only hold one or two positions at a time.

To: Eric P who wrote (2166)	1/6/1998 9:00:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 12617

"For example, assume a good trader is able to achieve annual returns of 100% on his/her $100k account. After only two or three years, the trader now has $400-800k in his account to manage" Do you think he might spend some of the money? Computers,programs, commissions, feeds, etc. besides his personal expenses. Wouldn't you guess that only about 1% can turn 100% a year? if you don't, I bet you play the lottery. 100% a year is certainly possible to a very small percent of position traders but I would like to hear how a "day"trader can do it. $392.16 a day, 255 trading days a year. Not much room for losses. it doesn't seem real, does it.

To: Eric P who wrote (2166)	1/6/1998 9:55:00 PM
From: dpl	Read Replies (2) \| Respond to of 12617

>. After only two or three years, the trader now has $400-800k in his account to manage. IMHO this is far too much money for an individual to effectively manage in a daytrading account < You have to be kidding.If you trade stocks like INTC,dell,msft etc and go against the st.grain you can buy a lot of stock. David