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

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To: dpl who wrote (2790)	2/2/1998 9:36:00 PM
From: Eric P	Read Replies (2) of 12617

David: You are exactly right. The 10% with the talent at daytrading will succeed. My intended point is that trading abilities such as "talent" are best identified in hindsight. ==> Those who succeed must have had it, those whom are now broke, clearly didn't! Unfortuneately, by then it is too late. This brings us to an excellent question: How should the new up-and-coming daytrader determine whether they've got what it takes to succeed in daytrading (without risking serious money to find out)? My suggestion... He or she should spend a very disciplined period of time backtesting and/or papertrading to assess their ability and/or validity of their 'method'. Comments? Other ideas? Good Luck, -Eric

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