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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: William W. Dwyer, Jr. who wrote (2404)	5/1/1999 9:57:00 AM
From: wily	Read Replies (1) \| Respond to of 3216

I'm not adding anything here that hasn't been said, but I'd like to underline the notion that investing or position trading is a great (not the only) way to break in to daytrading. A very big source of the expense and loss in daytrading is fear and having to cut your losses. If you have a feeling of conviction about where a stock is headed you have much more strategic lee-way for entering and exiting and you are much more likely to benefit rather than suffer from the capricious moves that a stock makes. Kaz, if you are losing, then quitting is VERY smart and may eventually lead to you winning. It is another way of cutting your losses. You will digest what has happened and maybe come back with new and better ideas (like, "buy AOL" <g>). $0.02 wily