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From: T-Bondtrader <t-bondtrader@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: GEN> THE DOW??? and a book
Date: Thursday, May 20, 1999 6:40 AM
>But trading on a daily basis, as it happens, so that you can see where the
>market is headed, and can see where it is reacting to what, is a wholly
>different matter. Trading by technical analysis of the price action, as
>the market makes its swings, makes it retracements and reversals, within a
>pre-determined environment, can be learnt within months rather than years.
You are truly amazing in your persistence in perpetuating one of the great
lies of trading, that it is easier to make money daytrading than position
trading. I have dealt with more traders than you will EVER come in contact
with and I assure you that it is actually easier to position trade. But, it
is apparently also much easier to hawk a product than to do either.
>It just sometimes takes years to
>find that out, I'm afraid!
We agree on something.
Regards,
Tom Alexander
Bill Eykyn
www.t-bondtrader.com
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