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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Steve_GTS who wrote (12290)	3/11/2001 2:39:13 PM
From: Brandon	Read Replies (1) of 18137

7) My long term goal (2-4 years) is to make 10K per day - Is that a pipe dream??? I know I would need a bigger account around $100K of risk capital. Is this goal unrealistic? Id have to say yes it is. I dont know of off hand of anyone who consistantly makes 10% per day. More realistic is 5 to 15% a month IMHO. There are those who do a lot better than 5 to 15% a month, but again, I dont know of anyone who does it on a daily basis. 4) I am learning scalping from Undergoundtrader.com. I do believe I read some negative postings in this thread about them. I am to new to trading to know any other more successful techniques. - ANY SUGGESTIONS WOULD BE WELCOMED. I dont recall reading anything negative about Jay here..but at anyrate, trading is very much like art. Each person likes a different thing and feels comfortable doing it in a manner different from the next. Im sure many people have been in Jays room and couldnt make money, and of course its never their own fault. IMO you are in one of the few good rooms out there. I think Chris and Vad (Realitytrader.com) run an excellent site as well. They have just added a T/A site and chatroom run by Russell Van Der Biesen and Bo Yoder. I worked with them for almost 1 year and I think they are two of the more talented people in this industry. EricP and I are also active in the chatroom at our sites www.teachmetotrade.com and www.swingtrader.net (different content on each site, same company and products). 10) Last comment, how long have the traders here been looking for the "Holy Grail". I spend too much time looking for the perfect system, and it kills my social / family life. Is this what I have to look forward to as a full time trader someday? Three and a half years ago I found the Holy Grail. Its hard work and money managment. No one likes to hear that this is the grail though. Brandon

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