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Strategies & Market Trends : NetCurrents NTCS

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To: Bill Cotter who wrote (5111)	12/21/2000 4:46:25 PM
From: Jerry Olson	of 8925

Hi Bill average day's pay is based on your trading lots and your dollar goal for each day... we say let's make our "Days Pay" first..early..and then go elephant hunting later after the lunch time douldrums... as for 100K using intraday margin...i guess the sky's the limit...but most of the room looks for $500 to $1000 per day..more or less...we never talk about our actual buys and sells in money terms..it's no one's business.. everyone is making their living in the room, as far as i know...we are daytraders scalpers... your accountant & broker can help you with IRS info..you can elect to be a 475 daytrader, it has a lot of good stuff for a pro.. i use 1 computer with 2 monitors, and a back up computer for everything.. don;t need options, just learn to go short and long...it;s fun and it's easy... you just need to learn how to trade technically...you need live charts and quotes using QCharts.. and a real knowledge of candlesticks...etc etc anyway gotta run..it's my nap time<G> later regards OJ

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