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Strategies & Market Trends : Classic TA Workplace

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To: JWest0926 who wrote (34971)3/25/2002 8:35:35 AM
From: AllansAlias  Read Replies (1) of 209892
 
I agree with Haim. Still, I doubt we'll be able to talk you out of it. -g/ng Even if you have a passion for trading, daytrading, especially in a shop, is no way to start imho. You'd increase your chances of success if you traded longer timeframes.

Most traders wipe out. Chances are, you will wipe out. The more you think that is not possible/probable, the more likely it will come to pass.

My advice would be to take the real job and trade on the side in the longer timeframes. Prove to yourself that you can do it with real money before you commit to counting on it for groceries. In fact, one of the great barriers to successful trading is relying on the profits -- you will increase your chances of succcess if you do not rely on the trading for next month's rent.

Good luck.
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