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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?!

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To: SpongeBrain who wrote (3)1/17/1999 12:56:00 AM
From: TA2K  Read Replies (3) of 611
 
"....It seems like its worth a try, instead of wondering 'What if?....' for the rest of your life."

Yes, I agree. But that's equally true with any profession. And with trading, entry costs are fairly minimal. Unlike saying, "I'd like to try out being a doctor, or a lawyer...." However, I've lost more trading than the total tuition costs of both combined, though expect to make it back, and more. We'll see.

If you are going to try for real, not just playing around, I think you've got to be extremely serious about it, and treat yourself as hard as, and have expectations of yourself equal to, what a good employer would have of you -- on time, diligence, trustworthiness, being self-motivated, continuous learning, being a lot better than average, etc.

In Market Wizards, someone said that you shouldn't put much money into trading (and I'd think this applies equally well to tending toward trading as a career), until you are able to take your original investment and *triple* it. After you triple it, then you can start to think about expanding.

Best of luck.

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