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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Brentsky who wrote (3191)	6/9/1998 10:55:00 AM
From: steve goldman	Respond to of 4969

The alternative to day trading might be lets say, long term investing, and heck, thats nothing to bark at...lets see, the SP500 isup over 120% in the past 4 years, I believe. Opportunity costs was one of the risks associated with day trading...that is, you could get a job as a trader at a firm, or a hedge fund or someother profession, make xx in salary and have had your principal in a ranging bull market for 3 years... EEK! I am becoming a prude...trust me , i am not..i'm just trying to fairly present the contra-side. -Steve@yamner.com

To: Brentsky who wrote (3191)	6/9/1998 2:10:00 PM
From: Robert Graham	Respond to of 4969

I have no doubt you will find what we are saying to be true as I have even found some to discover recently. I guess with some people such as yourself, they need to learn for themselves what Steve is saying is true. I am not implying anything here about you other than what I am specifically saying. In other words, I am sure all of us here had to learn the hard way in some activities we have attempted in the past in our lives. Here you have traders on SI who have been there trading successfully for years who have been involved in different facets of the business like Steve as a head trader for a firm and others here I can name who have been day trading for years full-time successfully. When you need to ask people like this "where do you get for facts from", I am sorry to say that the listening is just not there for you, so nothing that any of us can say to you will make a difference to you. They are giving their opinion to you based on their experiences. So it is up to you to judge if their experiences and their opinions based on their experiences is applicable to you. As an outrageous example, that is like walking up to a Indy racer with his racing team sitting there after a race and asking him a question about what the chances of you making it in racing cars like he has which he honestly answers and then you following up with this same questions as to where he got his opinion or information from. Besides looking a bit silly on your part, I can say that nothing the experienced professional can say to you will make a difference. IMO what you are looking for is to find someone that will tell you what you want to hear. I am sorry, but the people with integrity here at SI are not here specifically to tell you what you want to hear to help you feel "warm and fuzzy" with your choice as a day trader. Personally, I would hate to be around people who do. The best of trading to you! Bob Graham