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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: William W. Dwyer, Jr. who wrote (1583)	4/19/1999 9:29:00 AM
From: Dave O.	Read Replies (1) \| Respond to of 1729

Bill, I agree with most of what you said. I also spent quite abit of time finding condidates for each trading day and expended a great deal of energy. And I, like you, struggled with the bottom line. I was making teenies and 1/8s with a decent batting avrages. But the occasional loser that got away a bit wiped out a lot of small profits. My earlier comments about some guys not working too hard was an observation of mine. A few of the more successful traders (I traded at a day trading office) were more "gamblers" than I, playing the internets and the like. < Now I position trade only and I find myself working about 80% less and making nice, consistent profits. So, like I said, I know what works best for me. Too bad it took me two years to figure it out. ? I'm back to position trading also although I will close out a trade intra-day if it hits my profit objective. But I must be twice as smart as you as it only too me ONE YEAR to figure out day trading wasn't my best bet <VBG and no harm intended>. Good luck. Dave