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<DIV><FONT size=2>Apparently the date on my email computer was somehow set to
September 14th when I sent this email this a.m. ......thanks for pointing this
out. If your email is like mine, then this was buried. At a request I am
re-posting. If you have already read this then please ignore this
re-post.</FONT></DIV>
<DIV><FONT size=2>Denis</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>
<DIV><FONT size=2>Hello Ben:</FONT></DIV>
<DIV><FONT size=2>I have been following your challenge for the past few days. I
day trade for a living, but do it on a trading floor. Often I end up with
positions that are spread over night, but the majority of my positions are day
trades. I have been doing this strictly for my own account for the past 18
years, and during that time have never had a monthly draw down. Also during that
time, I have only had 22 loosing weeks, and these have not been major. I have
not yet burnt out financially, and thank the Lord for my success. My point here
is that many people do day trade and do it very well. There are also situations
where taking over night positions are justified. For agricultural traders, there
are many opportunities for long term spread positions. These are just different
facets of our business. Ultimately it comes down to experience and skill, and
the ability to recognize relationships and situations that occur again and
again. On a trading floor these occur many times during the day, and can be
taken advantage of. </FONT></DIV>
<DIV><FONT size=2>Day trading is possible, is viable, and is a great way to make
a living for some traders. IT IS NOT FOR ALL TRADERS. Each of us are different,
in our ability to handle risk, and our ability to recognize profit centers in
markets. </FONT></DIV>
<DIV><FONT size=2>There is a giant river of MONEY flowing by each and every one
of our doors every day. It is up to us to fashion some type of container to
scoop up what we need. For some it is a thimble, for others a pumping station.
Regardless of what the container is made of, or it's size, all that matters is
that it exists. And we can all with diligent hard work increase the size of that
container (if we want to).</FONT></DIV>
<DIV><FONT size=2>All the very best of life to you.</FONT></DIV>
<DIV><FONT size=2>Denis Cattani</FONT></DIV></FONT></DIV></BODY></HTML>
</x-html>From ???@??? Thu Oct 07 20:10:26 1999
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Date: Thu, 7 Oct 1999 21:37:49 EDT
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Date: 10/7/99 9:34:14 PM Eastern Daylight Time
From: Proffittak
To: realtraders@xxxxxxxx
hello again
sp is trying real hard to get over 50 day and 200 day m/a @1338-1340 area
McCllulen osc was showing a bullish divergence
and new lows are decreasing
i suspect we penetrate and close above 1340 soon
big question then is: are we on our way to new hi??
i suspect we get the answer AFTER expiration
(i personally did an anticipate a trend instead of waiting for one to
develop and lost 24 points)
happy trading
Ben >>
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Full-name: Proffittak
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Date: Thu, 7 Oct 1999 21:34:14 EDT
Subject: sp500
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hello again
sp is trying real hard to get over 50 day and 200 day m/a @1338-1340 area
McCllulen osc was showing a bullish divergence
and new lows are decreasing
i susspect we pentrate and close above 1340 soon
big qustion then is: are we on our way to new hi??
i susspect we get the answer AFTER experation
(i personally did an anticipate a trend insted of waiting for one to
develope and lost 24 points)
happy trading
Ben
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