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

To: peter gucker who wrote (506)	1/31/1999 3:01:00 PM
From: kaz	Respond to of 611

Peter, Somewhere between the oil gushing and the universe contracting is a valid point. Money is obviously being made by those who control the oil. When the well runs dry they tap another one. Small investors' money is the oil. Putting your money into the market is giving up control of it. You can pull it out when you want, but the market decides whether you get more or less. Most of the time, you get less. Oil companies did not get rich by sharing the oil. Small percentage changes make huge impacts. That's why time is so important. Who cares about $25 when we're talking about $50,000 in stock? You should. This is the well that is bleeding you dry. And, over time, you have to work much harder to keep control of your dwindling supplies. The market makers and brokers don't have this problem. They make money pretty much regardless of what you do (unless you decide to do nothing). Time is on their side. Rather than suck up a lot of oil from one well, they take a little bit from a lot of wells hoping you won't notice. The net amount is the same. They're richer. Everyone else (mostly) is poorer. Not a lot, individually. Yet. But eventually, those who are losing will notice and they'll leave. Not a problem. There are plenty of other wells around and more every day. As far as Prozac goes, I'm already on it. Paul Kaz