posted
Thanks Bob. Excellent article. That probably explains why I read a while back that in any given year the average is only 30% of daytraders make money and only 10% make a great deal. That was very enlightening.
Posts: 222 | From: Victorville,CA USA | Registered: Mar 2004
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posted
Great article though im not sure if the majority of daytraders buy on margin instead of cash.. but anyways all the risks associated with daytrading plus the idea of being in front of a computer that many hours a day is the reason im leaning more towards swing/position trading.. yes swing/position is also risky like anything else but you dont have to be at ur computer all the time and you more time to analyze and choose your stocks more carefully.. also you can have your stop/losses get you out of a position even if your not there to keep a eye on the stock at the moment..
Posts: 3884 | Registered: Mar 2004
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