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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: JWest0926 who wrote (32923)	3/24/2002 12:25:55 PM
From: Stephen	Read Replies (1) of 52237

JWest0926, OT - You shouldn't really be looking to strangers to answer your question as none of us knows you or your background well enough to provide any meaningful input. Any answers will only reflect that particular individuals psychology, experience and situation. One exercise which can help is plotting a decision tree. Start with you at the top with 2 lines (similar to geneology) and label them the 2 different job opportunites. Pick a period for the exercise ... say 5 years ... and then think about where you want to be in your life at the end of that period. Envisage / calculate what each job would likely bring you during that time. Take the daytrading job for instance ... how long would you give it to work out. 1 year ??... 2 years ??. What would make you consider that choice a success ... lots of money ...happiness ... a lot of dating ... buying hard assets ?? ... where does your own personal 'balance' of life reside ??. If you're not happy after 1 year ... what direction would you go in ?? ... plot alternatives.... and don't be too conservative. Are there things you are looking to do for your parents ?? ... Will they need taking care of in 5 years time??. You probably get a rough idea. Then ask yourself some questions ... and this has only to do with you. Envisage yourself 5 years out and imagine how you'd feel if you took the steady job and were successful... would you be happy or would not trying out the trading route be gnawing at you ??. If you take the trading route and hammer away at it for 2-3 years and can't succeed, would your self-esteem be damaged ....or would you just shrug it off and put it down to experience ??. If you take the steady job ... do you think you will never try the trading route ..??. At the end of the day ... only you can answer your question ... but organise your thoughts and priorities and plot scenario's based upon where you want to get to .... Good luck ... Best regards Stephen

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