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In a message dated 98-10-25 13:11:09 EST, wheinz@xxxxxxx writes:
> After being to several "real time" S&P seminars and
> seeing the "big boys" trade "frantically and haphazardly" and also
> consistently lose on that particular day I'm naturally skeptical although
> still fascinated by the possibility that day trading S&P's could be a
> successfull venture. Somebody's winning in this zero sum game and I just
> guess I am wondering if it is the little guy. Maybe the whole secret is in
> money mangement or maybe the present market is just too volatile.
I only know one S&P trader that makes money, and he has an exchange seat. He
does very, very well BTW.
> Short term
> stock trading seems a less risky and a possible viable alternative although
> does require much more capital. Also stock trading doesn't get much ink on
> this list.
IMO it's easier to daytrade stocks than the S&P for most people. You don't
have to sit and wait for your setup, there's likely a stock out there
somewhere that's setting up the way you want at any given time. I think you
also can get a little skill edge on the masses with stocks easier because S&P
traders are a little higher up the financial food chain in general.
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