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


To: professor who wrote (1600)4/19/1999 4:55:00 PM
From: Tech Master  Respond to of 1729
 
Real money is made in the market over time.

Dow 5000 by 2000 anybody? <ggg>



To: professor who wrote (1600)4/19/1999 5:10:00 PM
From: John G. Mueller  Respond to of 1729
 
The day trader has made real investing a dying art.

I have to agree with this statement 100%.
Free at last!
John
for Aliveweb Top Guns
aliveweb.com



To: professor who wrote (1600)4/19/1999 5:51:00 PM
From: monimoni  Respond to of 1729
 
Your response has nothing to do with the question I ask. I subscribe to SI to tap the general investment intelligence on these threads. While this is satisfied most of the time, some threads offer responses that contain venting and personal opinions that add nothing to the interested investor. I was looking for an answer to the question I ask.



To: professor who wrote (1600)4/19/1999 6:40:00 PM
From: Dave O.  Respond to of 1729
 
< It takes a lot of skill to be a successful trader. I hope most people haven't lost a fortune but I'm hoping today's action deters anyone from becoming a "day trader". >

Agree it takes skill and perseverence to succeed. But why do you imply todays action was negative for traders, in that they likely lost a lot of money? It seems as if you are looking at the market from a long perspective, as many people do. Playing the short side is profitable to both day traders and position traders. I've seen a lot of people who only play the long side, which is their choice. But there's even more money one can make playing BOTH sides of the market. Don't kid yourself, there were some happy traders by today's close with a lot of money in their pocket.

Dave



To: professor who wrote (1600)4/19/1999 8:00:00 PM
From: Adelantado  Read Replies (4) | Respond to of 1729
 
How to make a Million in the market:

Invest two million and be a day trader.

I agree. Day trading is a risky business: based on hope, greed and fear. When the market is going up, no problem; when it goes down, day traders are hurt the first and the most.

Joe



To: professor who wrote (1600)4/21/1999 12:54:00 PM
From: dpl  Read Replies (1) | Respond to of 1729
 
"The new day trader recruits need a day like today to learn the lesson that this is not
a free lunch business. "

Why would today be a problem for a day trader?Why do people who don't day trade think that a "down day" means a"bad day" for a day trader.

These big days,both up and down,are the "best days".