When I was a kid in college, I made $9000.00 trading stock one year. Then october 1987 came and completely wiped me out. I was trading covered calls. I owned deep in-the-money calls and wrote out-of-the-money calls against them. That was great until the crash and all my in-the-money calls turned worthless overnight.
Day trading is easier now if you allow a computer to make your decisions and keep your emotions out of it, but I would estimate that 99% of day traders lose money. I have never invested in the stock market since 1987 except for my 401k which I kept in very conservative mutual funds. I would estimate 99% of horse players lose money too. Unless you have inside information on either, you're probably a loser. ************************************************* Barack Obama is not My President http://www.cafepress.com/rightwingmike --- On Tue, 11/11/08, Kristyne McDaniel <[EMAIL PROTECTED]> wrote: > From: Kristyne McDaniel <[EMAIL PROTECTED]> > Subject: RE: [OT] SHEconomics > To: "'ProFox Email List'" <[email protected]> > Date: Tuesday, November 11, 2008, 4:19 PM > Lee, > > > If you're going to play the market, make it your > profession and be > > present on the stock exchange floor to do your > trading. > > My first ex-husband, the one I married at 17, is currently > a day trader > working from his house. He says he's making money at > it, but not as much as > in real estate. The market is dead where he lives, though, > so he turned to > shorting stocks to keep the bills paid. > > There are people making money on trading, but I don't > really see it as a > stable career path... Then again, who am I to talk? I have > had plenty of ups > and downs over the last few years. > > Kristyne McDaniel > http://www.kristynemcdaniel.com/blog > http://www.emryldadvantage.com/ > http://www.mcstyles.com/ > > Whether you think you can, or you think you can't.... > you are right. > -- Henry Ford > > > > _______________________________________________ > Post Messages to: [email protected] > Subscription Maintenance: > http://leafe.com/mailman/listinfo/profox > OT-free version of this list: > http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] > ** All postings, unless explicitly stated otherwise, are > the opinions of the author, and do not constitute legal or > medical advice. This statement is added to the messages for > those lawyers who are too stupid to see the obvious. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
