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To: TraderAlan who wrote (5673)11/7/1998 11:04:00 PM
From: HiSpeed  Read Replies (1) | Respond to of 12617
 
<Trading is an exchange of wealth. In order for someone to win, someone else has to lose. If there were only a few participants, perhaps an educational site could have some impact on that equation.>

Respectfully, I disagree with this statement as it assumes that trades are a zero sum game. If stocks are moving up, then one trader who was in DELL when it hit a new high of 50 may sell to another trader who buys at 50 and unloads the next day at 53. This guy holds for a few days and sells when he has a few points bagged. In such a situation there does not have to be a 'loser' (unless you are considering the short sellers in which case I would have to agree with you).



To: TraderAlan who wrote (5673)11/7/1998 11:13:00 PM
From: Paul K  Respond to of 12617
 
Alan, I didn't really mean to 'tweak' your nose...I was just wondering if your perspective from your earlier comment was changing as you ventured into other activities...thanks for responding.
Again, your sharing of experience in this industry is appreciated.
Paul