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

To: Richard Estes who wrote (2180)	1/6/1998 10:04:00 PM
From: TFF	Read Replies (1) \| Respond to of 12617

Richard: >>>> You once responded to me that you invented the sell on close, I think you were joking I was joking....this is an often written about description of "day"traders. Also here is an excerpt from one of Steve Goldman's posts: We had a school teacher come in here two years ago with $65,000. Obviously it was two great years. He just left about 6 months ago with about 1 1/2 million dollars. NO LIE! NO EXAGERATION! Now, that guy was awsome, the best I've seen. He did 20, 40 trades a day for 1000 shares. Always flat at the end of the day and did so with no emotion. Stock didnt react well, boom, sold it...stock looked good, buy it. No if ands or buts. Just pure focus on doing the RIGHT THINGS THAT TRADERS SHOULD DO. the things we all know but emotions or the feeling of selling at a small loss, "wishing it back" keep us from doing, this guy did perfect. I think that is a little better than 100% return;) As for positon traders, I doubt many position traders would hold only one position the entire year to get a 100% return(although I am sure there are some) Most would diversify for prudent management.