Zeev's Turnips Patch-No Politics (ZEEV)

[lee kramer]

Hi godfrey: I know you are snoozing now and I wish you nice dreams. But I will respond to your post: <a short term traders chances are, if he is a winner, 55% chance of correct versus being wrong.> This has not been my experience. My success rate averages somewhere in the 65% range. For the past several weeks I've been in a "groove," 80-90%, but this will not last of course. I do have a method, a way of trading, NOT a system, honed over several decades,and it took a couple of decades to get a bit smarter. I made my share of mistakes and I still do, but they seem to be fewer and less painful. When I say I trade by "what seems best" I mean I put on trades that my charting/ta suggest are best. I look at 60-80 charts every morning, then cull 'em down to the very few that look best [to me.] This is the hard part; the trading is a lot easier. I agree strongly when you say that day-trading is hard work. It surely is.