A daytrading story on CBS news

Too bad the guy didn't have an arsenal of loaded assault weapons hanging on his wall to support the notion that daytraders are volitale/crazy and could go off at any second after blowing up the account...... :D

Those daytraders are such BAD PEOPLE!!!!!!!!

Later,

Cracked
 
Originally posted by Marc to Market


Hmmm, last time I checked White Plains was in New York, not New Jersey.

And am I the only one not so impressed by his annual 25% return? For an investor that might be a good return, but for someone who's doing this for a living? Even if he's playing with $200,000, 25% of that would only be $50,000...

Marc

Marc, you can say that again!
 
Originally posted by Marc to Market


And am I the only one not so impressed by his annual 25% return? For an investor that might be a good return, but for someone who's doing this for a living? Even if he's playing with $200,000, 25% of that would only be $50,000...

Marc


Hey, at least those pinkos at CBS picked a guy who is up on the year!
 
Just out of curiosity, how much do you think the average full-time trader is making per year. I just want to see how I measure up. I was actually really surprised to read that guy did only about 25%. Maybe thats only what he reports on taxes.
 
Originally posted by Marc to Market

And am I the only one not so impressed by his annual 25% return? For an investor that might be a good return, but for someone who's doing this for a living? Even if he's playing with $200,000, 25% of that would only be $50,000...

Marc


And if he's playing with $1,000,000, 25% of that would only be $250,000...
 
Originally posted by Marc to Market
Not to brag or anything, but I'm up over 500% for the year.

And yes, I was able to buy a house too. LOL.

Marc

Yeah that guy isn't making much. I bought a house last year. The bank just needed a "stated income" letter.
 
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