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Jeff:
I'm sorry I can't answer your question becaue I'm not not of the day
traders
you are defining. Perhaps this will help the thread along. It is my
under-
standing that day traders comprise only 1/10 of 1% of all consistently
successful traders. If so, that's a mighty select group. Now, what is it
that distinguishes them from the other 9/10 of 1% of the consistently
successful traders in the other groups of classification? I wish I knew
Perhaps they have their own people on the floor. I must say, this is all
pure
speculation on my part. Certainly though, it must be the type of
individual
who has a special personality and psychological profile. Like 'Dirty
Harry'
said: "Every man has got to know his limitations".
Charles.
----------
> From: Jeff Caplan <jeffwcbs@xxxxxxxxx>
> To: omega-list@xxxxxxxxxx
> Subject: Who makes money?
> Date: Saturday, October 24, 1998 4:51 AM
>
> Hi folks..
>
> I'm getting scared. I'm just getting into S&Ps and Bonds after a long,
> long layoff from the futures business. I've delved into trading enough
> times that I'm cured of indicator fascination.
>
> Within the last two days, a newbie posted a request for all the closet
> profiteers to come out of the woodwork and let him know whether they
making
> a living off day trading, and day-trading alone.
>
> I eagerly waited for the responses from all the "pro's" I keep reading
> messages from.
>
> But, I think I've seen ....
> *150 posts on how evil Bill Cruz is
> *10 posts on how heavenly WoW is
> *10 posts on whether all trading S/W companies are run by crooks and
> infidels.
> *A lengthy semantic discussion of momentum and velocity.
> *Some discussion of ELA code (!)
>
> ...and not a single response from anyone saying "I make a living by
> daytrading."
>
> I'm starting to seriously wonder whether trading leads not to profits,
but
> to bitterness, and a lot of free time for cranky message writing.
>
> So I'll ask again on the newbie's behalf:
>
> Is anybody making their *primary* living daytrading? (Not
designing/selling
> futures related products/services while trading)
> How do you pass the time during the day while trading?
> To what do you attribute your success?
> Is your trading mechanical or discretionary?
> Do you think you're one-in-a-million, or can your success be emulated?
>
> Thanks for any responses. They're greatly appreciated...
>
> Jeff
> ( ( * ) )
> |
> |X|
> |X|
> |X| Jeff Caplan WCBS Newsradio 88, New York
> |X| http://www.newsradio88.com/behindmic/jeffpat.html
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