Monday, February 05, 2007

Jaffe's "Stupid Investment of the Week" (a beginner's day-trading book)

Day-trade by the book and you will get bitten - MarketWatch

What can I add? Don't try this at home, or anywhere else? If fifty percent of day-traders make money, does that mean that it works? Remember the coin-flipping analogy? If you work really intensely at your coin-flipping, and buy some books, and keep at it, ... bad streaks will still bust you, if you play against the house, and the hedge funds, and someone having a hot hand today.

El Dorado is still not there. You can hunt for it all you want. Or you can invest.

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