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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 (1595)	4/19/1999 2:17:00 PM
From: JParker	Read Replies (1) \| Respond to of 1729

Bill, "...In fact, I believe the intelligent ones see early on that it's a loser's game, not unlike the casinos in Vegas." You know, the odd thing is that while I enjoy Vegas, I don't like the gambling! I always see each bet as a small loss, in terms of expected return. My career experience is a software engineer, with the last 4 being as a consultant out of my house. While I've enjoyed the work, it has been very stressful. For some reason, I thought it was possible to day trade in a controlled manner with a minimum of stress! Jeff

To: William W. Dwyer, Jr. who wrote (1595)	4/19/1999 3:01:00 PM
From: Eric P	Read Replies (2) \| Respond to of 1729

I truly believe there are reasons why most traders cannot win consistently over time with daytrading, and the reasons have little or nothing to do with one's being intelligent. In fact, I believe the intelligent ones see early on that it's a loser's game, not unlike the casinos in Vegas. Very wise analysis. The vast majority of daytraders lose money, probably more than the widely quoted 90% figure. Many of these traders lose money due to factors beyond their control => Often times, the cause is that the rules of the marketplace are made by the market makers. These rules create stiff disadvantages that are extremely difficult to overcome in order to be successful. The best source of control that the daytrader has is to choose when and when not to trade. For the vast majority of traders, this control is best exercised by never trading. Typically, over the long run, Trading = Losing Money. -Eric