Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JParker who wrote (140)	1/17/1999 9:03:00 PM
From: Dave Riches	Read Replies (2) \| Respond to of 611

Day Traders have in essence become Market Makers (without some of the responsibility)and as such contribute to the liquidity of the market. Dave Riches

To: JParker who wrote (140)	1/17/1999 9:50:00 PM
From: Mike Perras	Read Replies (1) \| Respond to of 611

JP .. If you were to pre judge the gambling machines would you pre judge some stocks as well, especially tough if you knew they were in the money. I am not testing your sense of conscience, but as a day trader I think you have to completely remove any emotion for any stock you are buying. It's a stock, with homework done, will go up & you will win the day .. nothing more matters. I know that's cold, but we can't only wait for those nice warm & fuzzy companies. The only rule is can you take advantage of a stock at this moment in time, that very company may have just let go 6000 employees to turn itself around & shares like that info & tend to rebound. As much as I feel for the employees who were let go, I may still have to buy the stock as it comes back up. Just a few thoughts, Mike

To: JParker who wrote (140)	1/18/1999 7:21:00 AM
From: Cynic 2005	Respond to of 611

Video gambling, trading internut stocks via internet - What is the difference? -g- The more this thread gets attention, the more bullish it will be for bears. Oh, forget it! -g-

To: JParker who wrote (140)	1/18/1999 12:03:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 611

JP, Day trading is usually a horrible job, financially, but it does provide a lot of value to society. You help provide liquidity and also, typically, wealth is transferred from daytraders to institutions, some of whom support charity, provide insurance, pay out pension checks, etc. So, the social value is great. It is the job that sucks in anything other than a maniacally trending market. MB