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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Jon Tara who wrote (7194)3/10/2000 8:42:00 PM
From: Dave O.   of 18137
 
< I think anybody who thinks they can quit their day job and day-trade for a living with $50,000 is dreaming. >

I started with $90K and could've done fine with less. I think $50K is adequate but much depends on the individuals finances. I paid off my mortgage and had no debt of any kind. That makes for an easier time initially if one loses some $$$.

< BTW, as to the advantage of trading full-time? I think it's over-rated, and causes people to over-trade. >

It doesn't cause people to overtrade, rather, it's all about discipline. No one ever put a gun to my head to trade once I went full time 4 years ago. I find the less I trade the better I do, mainly because I enter what I feel are higher probability trades by being more selective.

Dave
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