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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (11384)	10/20/2004 10:14:29 AM
From: LPS5	of 12617

Evidently some aspects of daytrading haven't changed. "He guessed the DAX would go up and it slipped backward, wiping out hundreds of dollars. He bet it would go down and it leapt upward...By 4 a.m., he had traded these DAX "futures contracts" 94 times, losing $1,000... ...Since he began trading the DAX three months ago, he says, he has lost about $2,000 -- or 10% of the money he has reserved for DAX trading. He says his wife lost $3,000 to $5,000 on the DAX. The losses do not take into account the $2,000 a month they spend on trading commissions, software, data services and a high-speed phone line." LPS5

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