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

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To: Moominoid who wrote (170)1/18/1999 3:02:00 AM
From: SkyDart  Read Replies (1) of 611
 
Traders to a large extent are made and not born.

Trouble is that most cannot afford the losses one must take to get to a proficient level.

Those that have enough money to sustain them thru the training period [which can take years] have to then deal with the psychology resulting from losses in their formative period.

I like the book, "Market Wizards" by Schwager. Harper Business. 1993.

It contains detailed interviews with top traders who discuss their methods. The over-riding message in successful trading seems to be doing it without emotion and with rigid attention to risk control.

Dart
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