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The Guts and Glory of Day Trading: True stories of day traders who made (or lost) $1,000,000 by Mark Ingebretsen

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Chapter Ten – When the Market Turns Mean, Turn to Your Friends – Dave Gordon: The Trench Rat

It’s another wrenching, painful day in the markets – the kind of day that was all too typical in the spring of 2000. Panic selling. The stock pickers on CNBC warn of even darker days ahead. And when the closing bell tolls, Dave Gordon knows it wasn’t ringing for him. “We broke 3200 today,” he says over the phone from his Long Island home. He thinks the NASDAQ could drop further still, to 2800 even. And if that happens the devastation will be widespread, he says. “The technology sector could be set back two or three years if things really crap out. You’ve got to believe that if people totally lose confidence and all the margin guys are wiped out, the ...

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