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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: peter gucker who wrote (6317)	1/29/1999 10:11:00 PM
From: TraderAlan	Read Replies (3) \| Respond to of 12617

Peter, <daytrading is wrecking havoc on all the ususal technical indicators> Think the indicators are working just fine. But the MM system was never designed for the speed and volume of on-line trading and they're having trouble getting on the right side of trades, i.e. making a profit for the firm. With all these articles, you'd think stock day trading was just invented. I know folks, including myself, who have been doing it for years. It's just that the call to the broker, the wait on the line and the chat with the order taker were all part of the trading rhythm. <guess the question is anyone making any bucks doing this.......> The failure rate for very short term trading always has been, is and always will be very, very high. Probably over 90%. But profit pool for the other 10% has to come from somewhere. Alan

To: peter gucker who wrote (6317)	1/29/1999 10:29:00 PM
From: Tim Luke	Read Replies (1) \| Respond to of 12617

some people think it's as easy as buying a computer and opening the account....LOL

To: peter gucker who wrote (6317)	1/30/1999 11:43:00 AM
From: Devin McBeth	Read Replies (2) \| Respond to of 12617

Peter, <In my opinion day trading is wrecking havoc on all the usual technical indicators, therefore throwing all of the big boys buying and selling habits askew. Perhaps that is why, all of this crap is coming out all of a sudden.> I tend to agree. If that, in fact, is the case, what's to best way as a day trader to take advantage of the "institutional lag?" Is day trading going to continue to push the envelope as more and more individuals join the day-trading ranks or...as many of the so-called "experts" foretell, will we all be shaken out when the momentum stalls and the market crashes? Seems to me that all the focus in the August dip was on the individual investor that DID NOT panic. It was the institutions that pulled money out...the individual investor saw a wonderful buying opportunity. I think "they" protest too much and don't practice what they preach and what many individuals already know..."stay the course when there's no reason not too." How do you argue with the 4th Quarter GDP of 5.6%