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



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-----Messaggio originale-----
Da: Gram <gramario@xxxxxx>
A: Alexander Levitin <alevitin@xxxxxxxx>
Data: 04 October 1999 17:28
Oggetto: R: GEN: Stop me before I day Trade again!


>There is nothing wrong with daytrading if you look at it in the right
>perspective.
>For example:
>Positon trade very short time scales (e.g. 1 minute) because there is no
way
>no can scalp them.
>You can scalp time scales from 5 minutes up, with not eccessive risk
(unless
>you trade the S&P); pluck out $50 (after costs), unless it runs, in which
>case, trail it a la W.Buffett. You won't win them all, but if you can get,
>say, a coujple of hundred a day, you are approaching $50,000 a year which
>should amply pay your bills. You won't get rich overnight, but you can
build
>up to more interesting (albeit more riskier) things later.
>Just a thought
>Gram
>p.s. I am talking about only trading 1 contract here. With 2, it is
$100,000
>a year. :-)
>