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

To: kaz who wrote (475)	1/30/1999 9:09:00 AM
From: The Street	Respond to of 611

<<read Alexander Elder's book "Trading For A Living" << Great advice and a great book. <<To beat this dead horse some more, whether the market is or is not a zero sum "game" is indeed most relevant to everyone. Why? Because it is impossible for you and me AND our brokers to win. Someone has to pay the bill. I know everybody on this thread is a winner so let me educate you about losing. Your winnings are made up of someone else's loss. << ROFLMAO!!!!!!!!!

To: kaz who wrote (475)	1/30/1999 9:39:00 AM
From: jebj	Read Replies (4) \| Respond to of 611

>Your winnings are made up of someone else's loss. That's a zero sum game. - Kaz Let me see if I understand - "A" purchases stock xyz at 20 and sells to "B" at 30. "B" the sells to "C" at 40 and "C" to me at 50. And it is a "zero" sum with "A", "B" and "C" losing money. Boy, hope I can be a loser some day! :) As I stated before, if the market is increasing more that the amount needed to cover the commissions, there is no way it can be "zero sum". jb

To: kaz who wrote (475)	2/5/1999 7:10:00 PM
From: Matthew L. Jones	Read Replies (2) \| Respond to of 611

Kaz, While we beat the dead horse, please let me point out that the market "pie" (total market value-- not just stock prices) is annually growing at a rate of 15-20% per year. In other words, it is not the same static shares being swapped around like a giant game of musical chairs, and winners only winning at the expense of losers. The truth is 80% of investors do far less than the 15-20% of market growth which fortunately provides the difference to be distributed between the best 20%. Yes, there are losers-- I've paid my share of tuition over the years-- but there is better opportunity in the market for an intelligent, disciplined, hard worker than in any field I can think of. I owned seven automotive aftermarket franchises, a parts distributorship, and a remanufacturing plant, pulled a huge sled full of ungrateful employees, risked far more money and made much less. But, it's not for everyone. It is certainly not a get rich quick scheme, it's a business. I know that I have more than once felt like quitting after a string of bad plays, but on balance I believe trading to be one of the last bastions of pure capitalism remaining in this country. I wish you the best in your future trading and hope you don't "drop out of school" after "paying the tuition". Matt