Reply With QuoteAlternatively, the Day Trader does one or more of the following:-
a) Gets a dodgy stick tip (e.g. Enron)
b) Relies on fraudulent company income statements (e.g. WorldCom)
c) Gets involved with selling short on stocks
Then loses his house, his wife, his car, gets hit with child support and IRS bills
Market Makers vs Day Traders
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Thread: Market Makers vs Day Traders
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06-11-2004, 11:54 AM #1Slowpoke ELITE MEMBER
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Market Makers vs Day Traders
The difference between a Market Maker and a Day Trader.
The Market Maker comes to work in a suite, makes other people rich, and works from 8:30 to 4:30 with one our lunch.
The Day Trader comes to work in jeans and a T-shirt, continues to make himself rich, and works from 8:30 to 4:30 with a 3 hour lunch.
I think I would rather be a Day Trader
Jo-Anna - Juicy Wet Member
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06-11-2004, 02:13 PM #2Member
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06-12-2004, 03:16 AM #3Windy City ELITE MEMBER
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Over 80% of day traders lose money.
Few know what they are doing.
In addition to that, most housewives that have formed "investing clubs" have gotten greater return than Certified Financial Planners (CFPs).Don't go around saying the world owes you a living. The world owes you nothing. It was here first.
Mark Twain
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