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


To: Bonnie Bear who wrote (80)1/17/1999 3:35:00 PM
From: AnnaInVA  Read Replies (1) | Respond to of 611
 
Bonnie,

being a pseudo-daytrader myself, I promised hubby that I would
put some of last year's bounty into "safe" dividend-bearing equities.
I came across MT. Any thoughts ?

Thanks much,

anna



To: Bonnie Bear who wrote (80)1/18/1999 2:22:00 AM
From: Jenna  Respond to of 611
 
I was asked to put my opinion on this thread, but I see my friend Tim, has enlightened you all already. What I would like to add is that working as a trader full time for 4 years and having 'begun' my own on-line stock selection site has been very rewarding and not just financially. I'm proud to have tripled my trading portfolio in one year and tripled my long range goals for my website in only 6 months. and even making Barron's, OnLine Investor, all in the same 6 month period.

I've met some interesting people along the way, especially the fine people that run the stocksmart site, the clearstation site, Pristine.com, wallstreetcity, Silicon Investor, etc. All these people had a vision and turned it into a reality.. The brothers Dryer 3 years ago had a vision as well. Pristine.com got me going in daytrading that turned into two years with #rttrader and 2 years (concurrently) with Silicon Investor. Without visionaries you would have no daytrading, no on-line trading, nothing.

It was not easy, 6 months of sleeping 4 hours a day, researching into the night creating a great website on my own, being a webmaster and accountant until recently, taking care in the beginning with login questions etc and tech support, but gathering scores of e-mail from people who made the dream a reality.. Yes there are hypsters all over, on SI and all over.. You really don't know who they are, they might even be the ones 'hyping the hypsters', but you will recognize them in their picks, their attitude, their self-righteousness, whatever.

You have to stay with the ones that have a track record, and the ones that 'perform'.. There are a few threads that I read (Tim's No hand Holding Just Picks,Lastshadow's Position Trades, Z-Place to talk stocks, 56 Point TA; Charts with an Attitude , Technical Analysis for Shorts and Longs, Trading in and Out for Profits and and about 4 research sites.. and they are good.

Without the vision of the Dryer brothers there would be no Silicon Investor, Without the Vision of Oliver L. Velez there would be no Pristine Day Trader where I learned a lot, enough to start out on my own. I would not have begun to trade and there would not be a Market Gems today. So yes, I don't actually daytrade any longer there is no time to track the tick all day, and my focus has changed, but I have become a position/short term trader and that has been just as well or better. You can leave your day job but you have to be ready to take the long hours and frustrations, trade without emotion, have enough capital to fall back on, until you can finally reap the rewards.