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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?!
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To: SpongeBrain who wrote (3)1/17/1999 8:11:00 AM
From: Ken Adams   of 611
 
SB,

Interesting thread. About 20 years ago I went full time. Before computers, before instant executions, before level 2, etc.

Over the course of 2 years, we took a few trips, ate well, spent a lot of time together... and lost about $50K to the market.

I went back to work full time. Fortunately, I have a job in outside sales in the Graphics field. My day is my own and I'm in the car most of the time (with a cell phone) or at home in front of the computer. As long as my sales are at or above quota, no one says a word to me about my time.

This allows me to trade without pressure. I now take somewhat smaller trades, get out quicker and am satisfied with 2-5 trades a month of 2-7 day duration. Many times I only get 3-5% on the winners, but I only pay $9.95 each way, no matter what.

So far this year I've had 2 trades. One is closed with a solid 10% gain in just one day. The other is still open and up about 4-1/2%. I doubt I'll ever go back to the full time pressure trading.

Ken
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