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I seriously doubt successful day traders have the time to hang out in
chat rooms as it is, even if they want to help! They are trading!!!
Steve
Tom Alexander wrote:
>
> Since AT LEAST 90% of all traders lose money, and especially daytraders, I
> would monitor that group for whatever they are doing and do something
> different. I think you will find those who post the most are those losing
> the most. Why would anyone who has a successful method want to spend his
> time having to explain/defend what he is doing? Sorry, I don't buy the I
> want to help others, camaraderie, I want to give something back, etc.
> crowd. My experience is that there is ALWAYS another agenda.
>
> Understand, there are people out there who are successful who will for one
> reason or another take somebody under their wing. That is a different
> situation. Lists and chat rooms can be very, very instructive but seldom in
> the obvious way.
>
> Regards,
>
> Tom Alexander
>
>
> ----------
> > From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Subject: Gen: Day Trading aspects.
> > Date: Thursday, November 19, 1998 10:47 PM
> >
> > Hello RT's,
> >
> > I've been reading a chat channel for a few weeks that has a number of day
> > traders on it mostly trading Spoos and Boos. It has been interesting to
> say
> > the least. It appears to me that most of these traders trade off of
> Support
> > and Resistance, Fibonacci levels, or pivots within that intra-day data.
> Most
> > of these traders put on both long and short positions within the same
> day. I
> > have read a significant amount of grumbling about their trades and the
> > quality of that day for day trading.
> >
> > What I don't understand is not using the prevailing trend and the
> developing
> > intra-day trend to simply buy/sell pullbacks. For example going into the
> > Spoos today we have a super strong upward move that has lasted more then
> a
> > month. The fed cut rates. The trade is still within an ascending channel
> > etc., etc. So why were some of these traders shorting today?
> >
> > I tried day trading once some time ago and took a beating but with some
> > research and careful observation I was thinking of trying it again. Am I
> > missing something or is what they are doing an ineffective thing to do?
> >
> > Brent
> >
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