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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (2676)	5/25/1998 11:59:00 PM
From: Ga Bard	Read Replies (2) \| Respond to of 9440

Oh well yeah ... like the articles says people love the quick bucks. You could make a fortune doing it. Heck you know if you open up all the catagories their is not a long term investor forum. Only day traders. Problem with day trading is first ones in win the laggers loose their back sides. Until you get savvy day trading is dangerous and can destroy you. Me I prefer to get in some solid unfair advantages and let time do all the work in seciring a financial future for me. I have no job and I have nothing to fall back on so I have to be very very deliberate with where I put my money. I do not want to get in a day trading frame of mind I will be locked to this computer every second the market is open. Heck I am doing this to retire after a year or so and not make a measley $500,00 per day which I personally could do in a heart beat. However the one thing the article did not mention is the capital gains tax for day trading .. Now that is a killer tax. PLUS you are suppose to file quarterly returns or you get in trouble that way too. Just not worth it to me. One accumulated solid long and it goes and you do not have to worry about trading anymore just fining solid investments. GB