To: LouAvul
Cons?
Bankruptcy. Suicide.
Sure, it's rare. But that can be the downside of gambling
(speculating) in any realm of bidness.
And moving rapidly in/out of the stock market, for most folks,
isn't much more than gambling.
I've friends that do taxes...they say that occassionally they
get someone with a stack of trade statements.
And that it's rare for them to break even for the year.
an old story about a speculator:
(e.g., Diesel, the inventor of the engine that bears his
name, suppossedly jumped off a boat in despair over some real
estate deals that had put him in financial straits. Too bad he
didn't stick around to enjoy all the $$$ with his family when
the $$$ earned off his engines started rolling in.)
11 posted on
11/21/2007 7:46:11 AM PST by
VOA
To: VOA
Interesting. I have been a pro for 15 yrs. Yes, if you think you can trade your way to riches, ask a CPA how many of their traders have made money 2 yrs in a row. He’d laugh...
Post of the day my friend!
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson