DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (3345)	8/28/1999 2:49:00 PM
From: funk	Read Replies (2) of 18137

I agree. The quality of a traders' personal psychology and outlook is far more influential than the quality of tools. Obviously, some traders have the ability to succeed without real-time quotes at all. Not me, but that style is viable. As far as Day-Trading Fundamentals go, for me there is only one fundamental truth about trading. You must be confident in your approach. If the psychology isn't there, the market will eat up your account. A 56k connection can be plenty, if the user goes to the trouble to get a proper isp and uses a trading style that leans more toward swing trading and less toward scalping. A trading system just has to be profitable enough, that the occasional internet funk up will not be a career ending occurrence. If you are scalping with a multi million dollar account, then yup, i think a very high end connection makes perfect sense.

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