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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

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To: - who wrote (22053)6/17/1999 1:41:00 AM
From: Randy Ellingson  Read Replies (1) of 27307
 
Steve-

Thanks for the thorough reply. You seem to be an exception; I suspect that most (in the literal sense) do relatively poorly to downright terribly at trading. I could be wrong, and hope I am for those who cannot afford poor performance.

It's certainly not for me (I have a job ;-), and I would still never recommend that approach to people I know. My belief is that while looking at historical behavior is valuable, it's not nearly as valuable as looking ahead (which is definitely more difficult, and much less exact).

BTW, what, roughly, is the tax hit on a 500% (6x the starting money, correct?) year for a trader? It's just the max tax bracket, right?

Randy
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