Suppose his technical indicators allowed him to trade ( from the long side ) only when the market figured to go up twice as often as down? And, btw, it still would be difficult, by chance, to get 45/50 heads.


What’s really going on, I think, is this:


He’s taking small profits and, so far, has the discipline to take small losses.


But there will come a day when he won’t be able to take a small loss, either because he’ll be unable to ( because the stock stopped trading ) or because he just doesn’t feel like it.


Just yesterday, he’ll say to himself, I waited another hour, and the stock reversed itself and gave me a profit.


That day will wipe out all the small profits.


>I must admit that my aversion to daytrading may come from my suspicion that I'd love it and burn through a


>bundle. But at least I'd still have the monkey to keep me company and hold out the cup...


Sometimes folks fear what they are, or would be, good at.


Only untalented musicians and actors don’t get stage fright.