Forum Archive Index - April 2000

["Tony Haddon" <haddon@ihug.co.nz>]

This forum's a real time-wasting addictive trap Ben, you've created a monster ! I wish I could stop myself from popping in, & then I wouldn't be reading the endemic  bigotry, hype, crystal-ball gazing, and endless speculative nonsense.

 

The claim that "daytraders" whoever they might be cannot compete with the professionals is nonsense. The "investors" making that claim are the ones whose buying habits provide the bulk of the pros' income.

 

Just who are the "daytraders" referred to below...are they the brokers who indulge in a bit on the side when opportunity presents itself, fleetingly, on their screens ?  Are they the folk who sit at home with Omnitrader getting continuous data from the ASX buying & selling during the course of the day ? Or are they the ones looking at daily NZSE data and holding positions for a couple of days to a couple of months ?

 

An individual, working from home with his own capital, no regulatory or policy restraints on portfolio balance, unlimited time to sit & watch, and virtually unlimited ability to instantly trade most markets can, because of his/her unique degree of flexibility make regular money, have lots of fun, & co-exist with the big guys, on their coat -tails if possible !!

 

There are folk out there, I can name a few, who have more money to put into the market than I could even dream about.They also hold down , and presumably enjoy, excellent jobs, which I envy them more than their money....enjoying their work that is...I hated my building business for a decade at least....  Trading is my way out of the work dilemma. I work from home.I make money. And I take offense at the comments from the bastards who look down on me, but it's my own fault 'cos I keep coming back.

 

I don't mean to offend , but , some of you should stand back & take a hard look at what you post.

 

 

 

Tony Haddon