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

To: steve goldman who wrote (3205)	6/9/1998 7:22:00 PM
From: Darren	Respond to of 4969

The whole premise of this discussion as I pursued it was, regardless of how far Darren and I digressed in going at one another, is that daytrading, has serious risks, and isnt as openly successful as some might think by simply reading these threads. And the counter-argument is that day-trading is a "money tree" just waiting to be harvested. I thought we were done with this... I just heard about a trader who is closing in on one year of profitable days...that's a goal anybody would like to strive for...

To: steve goldman who wrote (3205)	6/9/1998 11:12:00 PM
From: Mark Myword	Read Replies (3) \| Respond to of 4969

>> The whole premise of this discussion .... is that daytrading, has serious risks, and isnt as openly successful as some might think by simply reading these threads. << Steve - I've been following the back & forth here , and it occurs to me that by now , with all the daytraders that have been at the game , one would think there is a book out there somewhere , a "tell-it-like-it-is" recounting of how tough it is , and how much you can lose , and just exactly how it happens. It might be great reading for those , like me , who are fairly new to trading and eager to learn the nitty-gritty dos and donts , beyond the standard "cut losses quickly , let the winners run" that you see everywhere. I'm talking about an analytical book that will post-mortem trades and search for the answers both for successes and failures. One that puts it into plain English , not some abstruse mumbo-jumbo about Elliot waves, correlations among exotic and obscure indicators , etc. Do you have any suggestions ? Does anybody? Thanks