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Old 06-12-2001, 09:28 AM
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Default Re: Conservative Daytrading



He's running good. His sample is only 40 or 50 reps, so that's just noise. Also, if he's going to hold a stock for a day, what difference does it make if it's a "good" stock? He just wants volativity/movement. The costs will eat him up unless he makes a market. The bid-ask spread beats him down, too. And that technical crap...


I might be willing to wager that a dart-throwing monkey would do as well (given same costs) if the targets were ten heavily-traded NASDAQ 100 stocks. Have the monkey throw one dart once a day, buy (or short, it doesn't matter) that stock, and liquidate at the end of the day. I see no reason why the monkey wouldn't have as good a chance as anyone else in daytrading. Good luck.
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