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

To: Jay Morrison who wrote (6321)	1/30/1999 10:49:00 AM
From: TraderAlan	Read Replies (1) \| Respond to of 12617

Jay, You need to make a distinction between trading and "very short term" trading which is what my comments discussed. Most traders do not day trade or hold a single night. Most are intermediate length or say they are traders but are closet buy and holders who do well in a general bull market. All the hoopla recently is about day trading. Not even the SEC is suggesting that trading itself is under investigation. As for CNBC statistics, I wouldn't trust them anyway. Losing traders are generally in a state of denial for awhile and not likely to provide accurate information. My stats come trading brokers themselves. They're not real likely to widely disseminate this type of info for obvious reasons. As for the 90% vs 10%, you're now falling back on longer term investing principles, not short term trading. Sure assets appreciate over the long term but in a stock that swings back and forth 3 points in a day, the pockets that are getting emptied are filling into someone elses. Alan