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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 (2754)2/1/1998 9:44:00 PM
From: TFF  Respond to of 12617
 
Richard I have never stated that Day Trading is not VERY risky. I am simply stating that if you desire to achieve the returns offerred by successful Day Trading, are willing to devote your full attention to the task, and are aware of the risks, that you should not listen to those who will try to disuade you from your goals.



To: Richard Estes who wrote (2754)2/1/1998 10:22:00 PM
From: Michael Abramson  Read Replies (2) | Respond to of 12617
 
Richard, refer to : members.iclub.org
and see that small business termination(first five years)/new establishment ratio is very close to 90% so it's normal, don't get scared.
Michael.



To: Richard Estes who wrote (2754)2/2/1998 10:58:00 AM
From: dpl  Read Replies (1) | Respond to of 12617
 
Richard,the odds may be 10% for all that try to trade but it does not mean it is 10% for "you" or "I".
Saying so implies that trading is random.That it is the same as putting one black ball and 9 white balls in a hat and trying to pick the black one with one try.
Trading not only is not random but has a high skill level.

Think of it this way.How many men play basketball with the dream of playing in the NBA and how many make it?The "odds" are against them.But the ones who make it will do so because they have great skill not because of odds.The odds mean nothing to them.

David