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Re: GEN: Stop me before I day Trade again!



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Who (or should it be whom) you know that made a "real money" in stock
market? I know only of Warren Buffet (if I spell it correctly). Where are
the great traders on the billionaire's list?

What did he (WB)? As much as I understood he bought a stock ether at the
bottom of a significant bear market or in congestion area on a yearly
(monthly) chart (like 1974, or look at his KO purchase recently) and ride
the stock through the advanced stage (as long as it continue to advance on
those charts).

Take a look at the monthly charts of a good stock (companies that have real
product, real market share, real earnings). They advance for many many
years. Just imagine that you "ride" a portion of this advance, then sold it
when the company or industry are in a "fundamental" decline. Those stocks
do not double in price, the minimum I have notice was 6 times increase, ten
to twenty times increase in price is more typical. 

I realize, that we "mortals" have to eat and pay our bills, and that our
starting capitals are one thousand dollars and we have to do a million
percent a year return year after year to pay our mortgage therefore we day
trade. But could we just take a tiny portion of our money and invest it
"right"?

Brooding Alex.

At 09:12 AM 10/4/99 +0200, Zaheer Bhyat wrote:
>Hi all,
>
>An interesting thread from Salon.com...
>
> I'm just wondering what the deal is with all the vilification in the mass
>media wrt day-trading. . .all that incessant chatter about the risks. What's
>the risk of not being in the market very long? It would seem the risk is
>proportional to the length of time in the market. I mean, how much can
>stocks change in a few minutes or hours, as compared to weeks, quarter, or
>years? Is the officially prescribed slant of Wall Street in favor of
>buy-and-hold-forever anything other than self-serving? Isn't it Big Money
>which is really responsible for the gazillions of shares traded every day
>and all the volatility?
>
>
>
>Zaheer Bhyat
>zaheer@xxxxxxxxx
>+27-21-680-5802
>______________________________________________________________
>"Men occasionally stumble over the truth, but most of them pick themselves
>up and hurry off as if nothing ever happened." - Winston Churchill