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All right. It was I that was doing the hyping, not Cramer. Thanks for your very helpful clarifications.

Yes, I think the moral of the story is that unless you've got quite a few millions of dollars to play with, stay out of the day trade. In that respect it is a bit like a casino, in that the market, as far as speculative investing goes, is loaded against the small investor.

A bomb, H bomb, Minuteman / The names get more attractive / The decisions are made by NATO / The press call it British opinion -- The Three Johns

by Alexander on Wed Mar 21st, 2007 at 04:35:53 PM EST
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Small day traders do not have the info or the market weight that the big boys do.  If you step in that shark pool you better be very tough, fast and smart.  And you may still lose.

But by definition, if you are day trading, you are not an investor.  You are a speculator and therefore can't expect much sympathy.

by HiD on Wed Mar 21st, 2007 at 09:44:43 PM EST
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