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Face it, if a guy had any discipline in the last 2 years, along with 100K,
that could have easily been turned into 1 mill, easy. The internet stocks
would take him there quickly and easily (an experienced trader). There was
a guy on CNBC who had made 1.5 mill in the last year or so. It's not the
DAYTRADING that is bad, it's the TRADER'S that do not have the ability to
DayTrade! Like the guy said, think long and hard before deciding to day
trade, why, because it requires lots of guts, nerves of steel, a good
system to work with, and the ability to react quickly and decisively on each
trade, and, last but not least, EXPERIENCE. Few traders can boast they have
these qualities! DAYTRADING is not a new phenonomen, only large numbers of
people doing it is, with little or no experience. Professional's have been
DayTrading for Years and Years, you just have not heard about because they
don't want people to know that they can turn 1 mill into 2+ mill, every
year, daytrading the NYSE! They want you to invest forever, for that helps
them with their day trading! DAYTRADING is a good way to make a living, if
you know what you are doing!
> Hi All,
>
> As I understand this report, it used a very small sampling of day traders
> from one office in Mass. It samples only 17 individuals of which 6 where
> making money. These kind of statistics are meaningless. I'm not
> recommending day trading or saying you will make money, just pointing out
> how limited this study is. It's main purpose seems to be to provide an
> excuse for more regulation.
>
> Good luck and good trading,
>
> Ray Raffurty
>
> ----- Original Message -----
> From: Ronald McEwan <rmac@xxxxxxxx>
> To: <realtraders@xxxxxxxxxxxx>
> Cc: <Realtraders@xxxxxxxxxxxxx>
> Sent: Monday, August 09, 1999 6:35 PM
> Subject: RT_GEN: Day Trading News
>
>
> > goto www.nasaa.org and you can read the whole 46 page report. If you
want
> > to daytrade after you read this "good luck"
> >
>
>
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