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This is one of those rare posts that I'll save and forward to all my trading buddies.
Very well put.
Regards,
Levent
-----Original Message-----
From: Anthony Denis Cattani [SMTP:dcattani@xxxxxxxxxxxxxx]
Sent: Tuesday, September 14, 1999 7:21 AM
To: realtraders@xxxxxxxxxxxx
Subject: Day Traders
.............. 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.
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.
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).
All the very best of life to you.
Denis Cattani
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