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To: Morpher who wrote (7154)5/5/1999 8:43:00 AM
From: TraderAlan  Read Replies (1) | Respond to of 12617
 
Morph,

Leavitt was actually well-reasoned. CNN did a scare headline. Somebody here mentioned last night the 67 of 68 loser number. As the article points out, thats a single firm with a push toward whatever was going to make THEM money, not at all (necessarily) the result expected by the typical at-home trader.

Having said that, the success rate is likely still under 10%. But guess what: it was the same 3-5 years years ago for those of us around before the current crowd "invented" stock market day trading and the same for commodity day traders for generations. Hint: no one is printing money and giving it away.

Alan