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In a message dated 98-08-29 12:13:40 EDT, felixty@xxxxxxxxxxx wrote:
<< But, remember, these games does not hurt or affect the position players
(some of them just watch the whole day, execute their entries at the close),
mostly the daytraders or the ones we called "punters" who lose and the naughty
small
borkerages trading account trying to scalp, my conclusion is daytrading will
become extremely hard and not worth it anymore >>
Hasn't 'day trading' always been extremely difficult? Isn't volatility the key
to a 'day trader's' heart? I thought that it wasn't 'worth' daytrading in the
less volatile markets of the past. Like trying to day trade OJ now. Given the
volatility in the S&P, I've assumed that day trading is (relatively) easier
now than it's ever been. If volume remains high and therefore volatility
continues, the pitfalls of various order placement methods will always be a
gut-wrenching experience. New ones will only offer a new variety of stomach
pains. In the end the amount 'they' slip you will only determine whether or
not you can 'scalp' which is only one type of day trading anyway.
If my assumptions are incorrect then I had better get some tick data for OJ?
Rgds,
Kim
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