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To: hpeace who wrote (613)	2/3/1997 5:50:00 PM
From: Tom Barnes	of 4749

Steve I am considering trading stocks and options for a living (I know!). I need to clear about $45K per year to meet my retirement needs. I own an apartment complex which produces a very nice income, but I still have four children at home and need the extra money for a few more years. My occupation as an instrumental music teacher for 27 years has begun to wear on me. I had the good fortune to invest in a small company (IAUS) whose stock went from $.50 to $57.00 in a year. The stock will become free from 144 requirements in March. It is currently trading around $7. I am considering using that stock as collateral for margin trading. I would like to know from all of you "professional" traders how much money you think would be required to earn the $45K on an annual basis, year in and year out--especially in a bear market. I have been following the various threads for several months and have really gained an appreciation for your various styles. Also, I have listened to and attended some of Wade Cook's seminars and am currently reading Fullman's book, Options, A Personal Seminar. Thanks in advance Tom

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