hot copper, page-35

Hi Person123

Loosing money is not much chop. Successful shorter term trades will show up all your faults quickly because you will be testing all market conditions and you mental side. when you trade every day. So to be successful a day trader you need to be experienced and have a system that suits your style.

Not everybody starts off loosing.

I have a friend who started trading at the same time as me back in May 2008. My friend read one Buffet's books and liked his ideas.

My friend back in Jan 09 went and borrowed 300K and started buying stocks over the next months with the idea it was good value. he bought about 25 different shares and ended up with some big positions in some companies where he was doubling down. He's now up about 100% even though he's only done about 50 trades.

He didn't take a single loss broke most rules just went on sentiment at the time.

A Gamble. Maybe, but he did execute well using Buffets method. Especially riding his winners.

Me on the other hand I'm at break even and he still asks me for advice :)