Friday, January 13, 2006

Victor Niederhoffer and Laurel Kenner: Daily Speculations

Victor Niederhoffer and Laurel Kenner: Daily Speculations: "The Top Ten Daytrading Lies, By Craig Maccagno and James Lackey

1. I would be up money this month if it weren't for the commissions.
2. All I have to do is make two points a day, on a two-lot, to make a nice living.
3. If it weren't for stops I would have been broke a long time ago.
4. It traded my price, but I didn't get any fills.
5. The Internet went down, so I didn't get any fills.
6. My trading software was down, I didn't get filled.
7. I knew it, but I didn't trade it, darn it.
8. Trading has been great.
9. I was right, just too early, my timing was off.
10. If it weren't for that one big loss last year I would have made money.

Larry Fletcher replies:

Top trader lie: 'I don't daytrade!'"

No comments: