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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?


To: William W. Dwyer, Jr. who wrote (1709)1/13/1999 2:05:00 PM
From: funk  Read Replies (1) | Respond to of 3216
 
WD you must maintain an unshakeable faith in your ability to take money out of the market, or you must quit.

Even when I was scraping bottom, I never ever thought that I could not daytrade for a great living. Then finally like magic it started to all fit together.

I don't think you can trade and win, if you have doubts about it even being possible. Go back to that first great post. You laid out a winning strategy. Less shares, more expensive stocks, bigger price swings.

Today was a gift from the daytrading gods. A quick look at any of the 1st tier I-nuts this morning prove how well your strategy can work.

I had my second best day yet, I am all cash, and I am nothing special. You seem to have the rules down, now you need to get your emotions together. I never use the term "under control". Emotions don't like "control". It is an art, I think you are ever so close to the sweet spot.

Do this: Don't give up. or Give up. Just don't halfway give up, I bet that is the most painful and damaging thing any of us could do.

best wishes,

funk



To: William W. Dwyer, Jr. who wrote (1709)1/13/1999 6:08:00 PM
From: Mr. Rhino  Respond to of 3216
 
William,

Again thank you for your advice. I have realized today through some trades how hard this is! It looks different when you scan the paper and see stocks double and sometimes triple in a week, you say "Who is doing this?" So I have read everything I could.

I have to leave the office now, but if you would like a brief synopsis of what I have done in the past two months, let me know and tonight, if I'm not exhausted I'll tell you, and explain why I have these ideas in my head.

But one thing is glaringly clear, this is harder than it seem. Not impossible, but harder.