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: The Street who wrote (429)	1/24/1999 10:04:00 AM
From: milesofstyles	Read Replies (2) \| Respond to of 611

re-read post 153, i think it was. think he made twelve percent when near bankrupt? think he is the only one that has happened to? how much weight do you think a positive sum mkt carried for him?think he cares if the net gain of a stock was 29 and his loss was 20? for someone to make twelve percent, someone else is losing it plus commission. i don't understand how you guys think everyone is making money. THERE HAS TO BE A LOSER. geez, is the nikkei a positive sum market? tell it to the people who got a 75pct haircut. there will always be a loser, always. what will make it positive sum is how you manage your money and nothing else. if you don't have proper money mgmt, it doesn't matter how good your system is or how much the mkt moves up, you will lose money. and while you are losing money historical figures don't mean a whole heckuva lot. your post has nothing to do with daytrading and i am aware of the figures,i have studied on the fundamental and technical sides.regardless, someone is losing money. let me just finish this up by saying, i have read a couple books on gaming theories, and most of the books i have read indicate not to get into a game where money is being taken off the table by the house. i am by no means saying you can't make money because of commissions. but it does not put the odds in your favor over any term when money is being drained off the table. to think everyone is making money is blind. some will make tons of money. some will lose, yes, its true, people lose money...some almost to the point of bankruptcy. milesov