|
PureBytes Links
Trading Reference Links
|
Ron's right "I ain't that easy". But its not as hard nor as sinister as made
out here. I'm a total amateur and am doing really pretty well doing Level 2.
So perhaps their is a balance here?
-----Original Message-----
From: Peter M. Beckwith <capstone@xxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, April 12, 1999 9:12 AM
Subject: Re: Level II vs. SP500
>Ron:
>
>And then maybe, three months later they are back at the skate shop with a
>lien and a bankruptcy ruling pending as well. The whole idea behind Level
>II and the media's attraction to these success story is to pump more and
>more money back into the industry. Successful traders will do well in
every
>market, but they are not going to make it overnight and if they do then
they
>will blow it all and I have seen it again and again and again.
>
>As to why there are no sp500 traders on the cover of magazines, think about
>it. This is the professional traders arena and is too complicated to sell
>to the naive public. The public loves Dell, MSFT, INTC they know these
>companies and follow them everyday and in a 5 day seminar some crook can
>teach yoy how to grab 1/8th's all day long and throw a grand in his pocket
>everyday. Gotta love it, the everyman goes to the daytrading shop blows
out
>after racking up $15,000.00 per month in commissions, but we don't see
these
>poor souls on the cover...Read between the lines, it ain't that easy...
>
>Regards
>
>Peter Beckwith
>-----Original Message-----
>From: RONC2@xxxxxxx <RONC2@xxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Date: Monday, April 12, 1999 6:44 AM
>Subject: DAY: Level II vs. SP500
>
>
>>Is it easier to daytrade NASDAQ Level II than SP500? You don't see very
>many
>>25 year old S&P daytraders gracing magazine and news stories with quotes
>like
>>"...last month I worked in a skate shop and knew nothing about the
markets.
>>By the closing bell I will have made $20 grand for the day." (this is
>>something I made up, but seems to reflect what I see about Level II
>>daytraders).
>>Thanks for your comments,
>>Ron
>>
>
|