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


To: Helge Collins who wrote (2428)5/2/1999 6:58:00 PM
From: Dan Duchardt  Respond to of 3216
 
Absolutely true.. tremendous opportunity.. buy a thousand shares at the right time and you can make $20K, or at the wrong time and you can lose $20K, or $30K, or $40K, or $50K.

But of course, if it's going against you, you can always stop out.. well maybe you can get out.. it depends on how many people are trying to get out.. you might have to put in a limit order outside of the market.. how much? the market went past me this time, so I missed it.. then I went to a market order and got filled at the bottom of the dive.. if it turns your way you can always get back in.. well maybe you can get back in.. it depends on how many people want in.. do that limit order thing again above the ask.. hey you got it this time, great!!.... Uh oh... you got filled at the top.. better cut your losses and get out again. Don't worry about it.. it's all part of gaining the experience.. todays experience cost you how much???

I'm not saying nobody can learn to daytrade. A lot of people have, and are doing well at it. Most of them have paid their dues to get through the learning curve.

I can take my basketball to the local playground and play all day for free. If I never get good it at, well at least I had some fun with my time.