|
PureBytes Links
Trading Reference Links
|
Who knows... you just
> might persuade some of us that day-trading is really a better way!
>
> Dick Crotinger
Just a brief response to say that I am not in the business of persuading
anyone to day trade, rather than position trade. Whatever anyone does is
there business. Having said that, I do think it is worth pointing out to
those who may be severely under-capitalized for position trading that they
can day trade the bonds with very little (say, a $10K account).
There is nothing magical about learning how the market moves on an intraday
basis and while it may be equally possible to do so on a much longer time
frame, I, personally, do not appreciate how one can actually trade with the
'conventional (EW, Gann, etc) methods' which are generally used. With huge
funds and hedging techniques, etc, it is obviously a different story, but
most of the guys on this list aren't in that league.
For me, it has always been the distinction between earning a living and
playing at living. With the former you try not to gamble, with the latter
you can afford to choose...
Bill Eykyn
www.t-bondtrader.com
"Learn to read the tape"
PS. Friday's super day for the day trader on the bonds, could also be the
start of a super trade for the position player. But if something happens
over the weekend and the market reverses on Monday those who have afforded
short positions have to take stock, those who were long (why I wouldn't
know!)..... Anyway, those who are flat will be starting from scratch -
and I like that!
|