Are you considering quitting your dayjob to daytrade?! Message Board

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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?!

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To: HG who wrote (165)	1/18/1999 12:51:00 PM
From: Dave O.	of 611

If you're seriously thinking of trading full time I'd recommend you develop a business plan ... how much $$$ you will start with, whether you will be a pure day trader, position trader, combination of the two, paper trade for a while, have Level II if you'll be daytrading, determine what your income goal is (daily/weekly), realize that you'll lose money from time to time, read a bit ... maybe Market Wizards, Trading For a Living, The Electronic Day Trader, and definitely have a system if you plan to position trade. And have the support of your spouse ... and not risk any more $$$ than you can afford to lose. Dave

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