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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?! -- Ignore unavailable to you. Want to Upgrade?

To: gonzongo who wrote (30)	1/17/1999 11:27:00 AM
From: speedbird	Read Replies (1) \| Respond to of 611

I was close to finished twice - but clawed my way back I lost 70% of my cash in September. I got it back to 80% of the original amount and then BAM, in 35 seconds I lost 50% again. I was getting tired of it but, now I am at a new high and have returned 400% in 7 months. Also found that I can handle loosing a few thousand better now that it has happened a few times. The first big lose is a real shock.

To: gonzongo who wrote (30)	1/17/1999 11:49:00 AM
From: SpongeBrain	Read Replies (2) \| Respond to of 611

" I was DESTROYED in the month of August." --> Funds vs. Trading One distinction to make is this: During the August downturn, fund investors (like myself) got burned badly. I'd bet daytraders took much smaller losses, or made money shorting. I surmize that shorting is something that FEW fund investors or funds themselves do. Funds don't naviagte down markets nearly as well as a shortterm trader can. Daytrade or not, I through with funds for good (except maybe index funds) See: Message 7328625