STEAMROLLER'S DAYTRADES Message Board

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Strategies & Market Trends : STEAMROLLER'S DAYTRADES

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To: STEAMROLLER who wrote (902)	9/16/1998 8:03:00 PM
From: STEAMROLLER	Read Replies (1) of 1561

Steamroller's Definition Of Real Money - Please Read. it is as simple as this, "Any money that goes into my pocket is real to me" it was implied by Winston that i could not make any real money unless i buy 5k blocks. WRONG ANSWER. lets look at it another way. i scalp lets say a couple of +1/8's, a +1/4 or so, and a teeny for fun. the math for 1,000 share blocks goes like this: 1/8 + 1/8 + 1/4 + 3/16 + 1/16 = $750 - commisions = $500 x 5 days a week = $2500 x 52 weeks = $130,000 +/- a few holidays, after taxes is aproximatly $105,000. sounds real to me. not bad for a guy who also gets paid to sit in a chair all day and is 30. being an accurate trader is more important to me than hitting home runs all the time and loosing my shirt the other with larger block trades in a volitile market. i am not saying that i make money every day or more on one than others. i have taken my share of butt-whippings very well. i sense that the market is turning towards the upside. when i feel this to be true, then i might move up to 2,000 block trades. not too many guys are sucessful at daytrading, they loose thier shirt quick. i want to be that 1 in 20 guys who makes it big. SR

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