|
PureBytes Links
Trading Reference Links
|
I'll agree with both posts. I have failed at my day trading so far, but I
failed at my photography business in the beginning too. That was 25 years
ago and I'm a successful portrait and wedding photographer because I never
gave up. I don't intend to give up on my daytrading either and I plan to
succeed again. The key is learning from your mistakes and trying again.
She who never tries never fails... or triumphs. I want to triumph all over
the place!
Linda
linda@xxxxxxxxxxxxxx
Climb the mountains & get their glad tidings: Peace will flow into you as
sunshine into flower; the winds will blow their freshness into you & storms
their energy, & cares will drop off you like autumn leaves. John Muir 1838 -
1914
-----Original Message-----
From: Dtrader <dan@xxxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, April 01, 1999 12:19 PM
Subject: was [Bull Market]
>
>
>on the other hand, so do 90% of artists, musicians and most new businesses.
>
>i'm not real sure this statistic has much relevance.
>
>dan
>
>
>
>-----Original Message-----
>From: Norman Phair <ericrogers@xxxxxxxxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Date: Thursday, April 01, 1999 1:59 PM
>Subject: Re: Bull Market
>
>
>:I have heard figures as high as 90% of the people that do day trading
>:fail. No work, no reward.
>:
>:Norman E,
>:
>:> "Peter M. Beckwith" wrote:
>:>
>:> Great post, Ira.
>:>
>:> Not only are there more on-line trading commercials than beer and auto
>:> commercials, but the content and substance of these commercials is
>:> completely off-line. The firms that sponsor these commercials hire
>:> teams of lawyers to settle suitability of investment lawsuits and
>:> arbitration suits all them time from people who lost their shirts(not
>:> to mention their homes) after daytrading on the internet for a couple
>:> of months. You would think that after all of the horror stories out
>:> there about people who didn't understand what margin was or that if
>:> the stock goes against you x percent you have to meet the cash
>:> requirement, the firms themselves would take a more responsible
>:> stance. Instead, most of us who keep CNBC on in the background have
>:> to watch an Ameritrade commercial about a mom and housewive who can
>:> take the kids to school and throw some money in a biotech company to
>:> the tune of $1700/day or the guy who owns his own island, etc...
>:>
>:> I don't know what we are going to see with this market, but one day(I
>:> hope) we can look back and just laugh at how absurd those commercials
>:> really were. I am hoping it is sooner rather than later and then
>:> maybe, just maybe the public will understand that trading is a
>:> profession, not a hobby that you take up in your spare time...
>:>
>:> Pete Beckwith
>:>
>:>
>:
>
|