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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: WallStreetTips who wrote (132)	6/6/1999 6:29:00 PM
From: James F. Hopkins	Respond to of 18137

I can understand taht , and for the most part SAM, TLC and myself have given strong warnings to the risk factor in short term or day trading..the majority will lose their arse. --------------- Now without getting into the details I will add there are not a lot of long term investors with solid objectives. A lot of mid term ones but very few long term ones. I also am privi to some certain information that shows most Stock pickers don't do near as good as Wall Street wants the public to think. As a matter of fact most of them lose money, but that's also hidden from the public eye. There is a reason most full service brokers will offer to put new accounts into some mutual fund, and it's not to shaft them. They know that the average Joe can't pick stocks that's a fact. Don't get me wrong I do not regard any one on SI as the average Joe, the average Joe don't even find this place. Jim

To: WallStreetTips who wrote (132)	6/6/1999 8:30:00 PM
From: Dave O.	Respond to of 18137

< From my long experience I conclude investors with long term investment objective make more money than day traders. > A key point to realize here is that that those who day trade (or position trade) FULL TIME do not wish to become long term investors with that portion of their capital. That's what an IRA is for (long term). Short term trading is what pays the bills for many people so taking profits when they're there is what's important. As a trader I don't care about where stock XYZ will be next year. I'm concerned about where it might be in the next minute, hour, end of day. Dave