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Re: Day Trading



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felix,

ok, heard about enough bs about how it's impossible to daytrade for a living.
it can be done, has been done, and there will always be those successful at
it. surely ain't like winning the lottery 5 days a week for 10 years, how
absurd. nobody's ever done that, yet there are for a fact successful
daytraders, go figure that run of blind luck. if you can't handle the stress
that's your personality, not mine. if you failed at it that's your inability
or distaste, not mine. i've been at this business for nearly 20 years, not
1993 or whenever. daytrading, it ain't for the newbie, but then neither are
'systems' in my opinion. the newbie should learn to read price, the tape, and
become one with the market, among a multutude of other things. whoever wrote
this -- "There may be another possible explanation. The most successful
traders may not bother with these lists, and/or societies and therefore never
see the question" -- pretty much hit the nail on the head. we're out here, but
quite busy without the extra time to send 5-10 emails a day to some group. i
know several others on this list that can daytrade that aren't going to speak
up, i just had to. i'm gonna get reamed, i painted a big bullseye on my back
for you guys, so don't hold your breath waiting for a reply. i don't have time
for the pissing contests that take place on this list, but the fact is that it
is possible to work your way to becoming a successful daytrader if that's what
you really want, believe it or not. 

Campy, one of the 1/10 of a percent.

>Yes, assuming these 5% (generously) successful daytraders don't bother to
>be in
>the
>list, let's also assume just 10% (over generously !!) do participate in the
>lists, theoretically, the absentee cyberlists daytrading loser participants
>is
>infiniteful overwhelmingly more. (just imagine the avalanche)


>Peter2150@xxxxxxx wrote:

> In a message dated 99-01-02 09:07:40 EST, stnahc@xxxxxxxxx writes:
>
> > to make it simple, lets see some real stats:
> >
> >  1. i remember sometime ago on this list someone asked about
> >     who actual been trading for a living ... was it 5 out of
> >     more than 1000 list members (i may be incorrect of the total
> >     #s) ...
> >
> >  2. in Toronto here, there is this technical analysis society,
> >     most of its individual members' most asked question is,
> >     "Can I trade to make a living?" where no answer was ever seen.
> >     But the society keep asking for their membership fee and organize
> >     seminars, etc.
>
> There may be another possible explanation.   The most successful traders
may
> not bother with these lists, and/or societies and therefore never see the
> question.