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

To: Dave O. who wrote (1590)	4/19/1999 1:01:00 PM
From: William W. Dwyer, Jr.	Respond to of 1729

Dave, Very good advice. I keep remembering having heard early on in my daytrading career than only about 10% of daytraders are ultimately successful. Whatever the actual number, though, I have no reason to believe I am or could be in the top ten percent of all traders. After losing consistently for two years, I think it is safe to assume I must be in the bottom 90%. :-} Bill

To: Dave O. who wrote (1590)	4/19/1999 1:22:00 PM
From: JParker	Read Replies (2) \| Respond to of 1729

Dave, I am uneasy, I think, because of the career uncertainty. I traded initially with Schwab, and at the end was profitable 11 out of my last 12 days. However, the slow execution and reporting killed me in a trade, so I switched to a day trading firm with level II data, etc. I basically reversed my results. I found the level II data misleading and I was making way too many trades. Near the end of my experience, I was dreading the start of the trading day. Not an enjoyable existence. I would probably be better off just walking away, but in the back of my mind I still think I can do this, and I don't want this to beat me! Jeff