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

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To: Dave Gore who wrote (52)1/17/1999 6:13:00 PM
From: Mike Perras  Read Replies (1) of 611
 
Dave: Tkx for the thoughts ..

I think most people 'if they are honest with themselves' will know just when they are ready to day trade full time. It's not something you toy with full time, you can toy with it on a part time basis & have some success & think this would be a great life. Remember it will be YOUR JOB .. fun maybe yes, but you will have to perform!

We are all having fun right now, seeing some nice profits. I for one would have died a thousand deaths when Bre-X was taking all the junior mines right off the table. They went down & took the entire sector. So if ever there was a lesson to diversify you holdings that was it for me .. glad I wasn't day trading then.

On a more serious note, as bullish as everyone seems, we will have another correction .. day traders have to know how to play it. The supply of money in the markets will disappear compared to now. We have a cash cow market to play with right now. This is not the norm.

A few extra reality check points,

Mike

PS Don't mean to be negative, my eyes are open a little wider these days .. a few good losses does that to you.
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