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

To: Adelantado who wrote (1611)	4/19/1999 8:38:00 PM
From: Mama Bear	Read Replies (4) \| Respond to of 1729

Joe, have you ever heard of short selling? Hope, greed, and fear? Most of my trades are predicated on constantly repeating patterns. If the pattern varies, I don't hope that things will work out. I exit, and move on to the next trade. If I do that, fear doesn't figure into the equation. When the trade goes my way, I close the trade after a target is reached. You know, daytrading is not for everyone. But just because it's not your niche is no reason to denigrate the folks who are doing it every day for a living. William speaks of the stress he feels. I feel the stress at night when I try to carry positions. I know my cash money isn't going to gap down like CPQ, PDX, or ETEC. I just wrote another fat check to the US Treasury, so I know I'm not doing poorly. Please don't laugh at me, and I won't laugh at silly things like 'when the market goes down, day traders are hurt', or William saying the only way to succeed in the market is to stay away. Of course CDs are the right way to go for some people. It all depends on your particular disposition. Barb

To: Adelantado who wrote (1611)	4/19/1999 8:48:00 PM
From: compradun	Read Replies (2) \| Respond to of 1729

Why is there so much anti daytrader sentiment on this thread? It has so much potential which is going unrecognized because the people who were failures as daytraders have to prove they are intelligent in spite of their lack of success as daytraders. Unfortunately, they chose to do this by bashing daytrading, offering that no one can be successful. Obviously, that is untrue for some. I hereby unbookmark this thread to avoid the unrelenting dimness emanating from this thread.

To: Adelantado who wrote (1611)	4/19/1999 10:22:00 PM
From: Dave O.	Read Replies (1) \| Respond to of 1729

< Day trading is a risky business. When the market is going up, no problem; when it goes down, day traders are hurt the first and the most > Not if they play both sides (short AND long) of the market. I'm amazed at the number of posts that assume when the market declines everyone's losing money. On days like today "investors" lost some money but traders didn't necessarily experience such losses. First, they could have been short when the Dow was +270, and/or second, they could have bailed out when the market started to reverse and incurred small losses or protected profits from the morning. Dave