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Strategies & Market Trends : Technical Analysis - Beginners

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To: Chris G. who wrote (7783)1/14/1998 11:26:00 PM
From: Richard Estes  Read Replies (1) of 12039
 
On the subject of capital:

What ever capital you have, can be put in any stock.

price $1000 $10000 $100000
10 100 1000 10000 shares
80 80 800 8000

If you think either stock has a potential to increase 20% in 3-6 weeks, then get a 20% gain off of what you have. %s count not points. There should be no thoughts of instant riches. If you are starting with small risk capital, you act as if it is big capital. You also ought to reinvest your winnings until your build it up.

My answer as to how must one needs before thinking about trading full time was 250,000-500,000 risk capital. I think it should be on higher end for flexiblity.

Our friend Henry Brookins has kept his newsletter subscribers in cash mostly since early October. He is very protective of his and his clients money. The gunslingers pull the trigger at every rabbit that jumps up. They won't last long, they can easily run out of bullets. The key is perserve capital, the market is always there.
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