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-----Original Message-----
From: William Heinz <wheinz@xxxxxxx>
To: sptradr@xxxxxxxxx <sptradr@xxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: 25, October 1998 9:03 PM
Subject: Re: Who makes money?
>I didn't mean to strike a sour note. As a potential trader I was struck by
a
>recent posting on this list by a broker who "confessed" that in his 18
years
>he had only seen a "handfull" of traders who were profitable. That doesn't
>even add up to 10% which is the advertised figure.
. . . of the 10% who make money, 90% are commercials/hedgers
. . . 1% of speculative accounts make money
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