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I have no opinion of where the market is going. You have to be flexible.
Flexibility if the key of successful day trading. You shouldn’t come in
thinking that since you’ve been a successful investor you can make it as a
trader. This is a completely different game. We don’t care about the
fundamentals. I’m not a fund manager. I’m not here to see where Dell or Intel
is going to be six months or two years from now. I’m only here to trade it
today. If it looks strong, I’m going to buy. If it looks weak, I’m going to
short–despite how good some analysts say it is.
–-Trader Serge
Milman, from Marc Friedfertig’s and George West’s
Electronic
Day Traders’ Secrets (1999, McGraw-Hill, New York.) |
