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Day Trading: Facts, Fiction and Discussion: I like the gambling analogy best when it comes to Day Trading.


  1. RandeS

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Top 1.   May 19, 1999 7:10 AM

» RandeS - I like the gambling analogy best when it comes to Day Trading.

I like the gambling analogy best when it comes to Day Trading. Just like those who venture through the casino doors, there are three types:

1. A VERY small percentage who can do well at the right game (poker, craps, or blackjack -- the rest are for true suckers) because they are knowledgeable and (most importantly) disciplined.

2. A VERY small percentage, due to deep psychological problems, become addicted and loose everything -- wealth, job, family, and friends.

3. The VAST majority go out those casino doors with a whole lot less than when they first came in.

Casting a positive light on Day Trading does a great disservice to those who confuse a bull market with personal ability.

-- posted by RandeS


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