Regulatory Filing & Reporting I know what you are talking about, I tried to daytrade as a profession for some month but had to discover that I am not able to make money with daytrading (sometimes you think it works and you win 100 000 but you have to give it back over the next periods). I assume there might be some guys who have success in daytrading.
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Sure, the smart guys will avoid this move. They say it’s foolhardy. They claim it’s a ginormous stock market error that can set you back so far you’ll never recover. We say phooey! There’s nothing worth doing if you can’t handle a bit of serious risk every now and then. Well, unless you jump out of a plane and forget your parachute. Not using a trade budget is a lot like that.
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As far as daytrading, I agree with you somewhat with the bid/ask, the market friction, the vig, and mistakes willkill you. That being said, I spent many, many years in the pit and made a very tidy sum scalping. That being said, these days, my trades these days are primarily huge grain spreads that can be on for months and months.
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