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The daytrader makes fairly consistent profits; the addict loses
money.
Chas
-----Original Message-----
From: DonC <countach@xxxxxxxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Cc: RonAug@xxxxxxxxxxxxx <RonAug@xxxxxxxxxxxxx>
Date: Sunday, July 18, 1999 7:24 PM
Subject: Re: Summary of comments: NASQAQ 100, SOES
>>Subject: Re: Summary of comments: NASQAQ 100, SOES
>> Date: 17 Jul 1999 06:37:37 -1000
>> From: Ron Augustine <RonAug@xxxxxxxxxxxxx>
>> To: Omega-list@xxxxxxxxxx
>>
>>I don't have any stats, but imo, it's probably far less than 5% of the
>>people who attempt day-trading that meet with any worthwhile degree of
>>success. I've been in touch with several traders who have attempted it
over
>>the past few years -- all have quit. One friend who made over $100K his
>>first year was recently taken to a Gamblers Anonymous meeting by a
relative.
>>He took their addiction test and found he was well over-qualified as an
>>serious addict.
>
>
>So tell us, what IS the difference between a day trader and an addict ??
>
>don
>
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