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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?!
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To: Jon K. who wrote (340)1/21/1999 11:56:00 AM
From: peter gucker  Read Replies (1) of 611
 
>>The profit from one or two trade a day with only $30,000 capital is enough to make a living? I thought it requires a lot more capital.<<To make a living? I think that if I relied on my daytrading to live it would change my entire outlook on how I do it. Now I daytrade because I want to, I would hate to put myself in the position where I had to. As one of the other posters said you need ba**s of titanium, if I had to do it for a living I would need two more ba**s.
<<<<How many stocks do you follow? Do you follow a few stocks intensively or pick stocks from here and there?<<< let me count... 20 stocks all intently. I usually just follow two that I am going to make a trade in. But if the opportunity arises with the other I'll jump on it. You have to find stocks that are rather volatile
>>>How long did it take you to make a consistent earnings?
What is your winning % ?<< I would say a year and a half maybe less. 5 out of six, now .
>>What tools do you use? (level II or other softwares?) I use interquote real time streaming quotes... I'm think of changing because everyone and his brother are starting to do what I do. I have been looking into this livetrade.com because speed is of the essence. My regular job starts at 4pm. I live 1.1 miles from my work, depending on which parking space I get, so I leave at 3.55pm. Paper trading is all right, but the real factor in day trading is ba##s, especially with this shorting stuff, and dealing the Internet stocks. So if you are going to do it, do it. I explained my trade yesterday and I have to admit it bothered me most of the evening. Hell its bothering me now. So I'm looking to trade it again, which to me is dangerous, because I made a mistake. So you have to watch yourself and become acutely aware of your own emotions. So in the end I won't trade it again, just because it is putting me in that space....does that make sense?
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