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Strategies & Market Trends : Trading For A Living

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To: Robert Meany who wrote (716)	7/5/1998 5:32:00 PM
From: Rick Faurot	Read Replies (1) of 1729

Bob- I have been doing Wolff's room for a month. The teaching is excellent and following the commentary and trades of other veteran traders in the room is very educational. Just as Wolff advocates, I would be very slow about jumping on anyone else's calls--even Wolff's--until you really understand the trades and until you have mastered the execution system you are using. Just watch, listen and throw in your questions for Wolff. He is a great teacher. As for using MBT, I would suggest that you start off with a limit on share amounts--200 tops--and learn to execute at this level. You may lose a couple of bucks bungling executions but you should make a few bucks too and you can kill off your monthly fee with a little over one round trip per day. IMO there is no substitute for actual trades. The adrenaline makes it different. Rick

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