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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (1112)	6/19/1999 10:31:00 PM
From: Rick Faurot	Respond to of 18137

Steve, <<And Rick, heh let's get those 3 guys onto the tread! >> Those three guys are WAY too busy trading! All three do between 100 and 1000 trades per day. I know, I know, I've heard all the critics. "That's not trading, that's Nintendo," was one guy's comment. My point to id is (id est?) that imo being successful is most of all about having and maintaining a gung ho attitude. There may actually be an advantage to starting small in that at least that way you can't lose big. If you start with 10k and lose 2k, you are going to really stop and get a grip, where if you start with 50k and lose 2k, you'll probably ignore it and push on. Losses are great teachers, like a slap in the face on your first date <g> 'Improve your technique or get another slap.' <g> I would add to id (am I getting poetic here or just punchy?) that there are a dozen or more great books that should be read and you could easily spend your first year just reading books, learning TA, asking questions etc without ever making a trade and you'd be way ahead of the game. There's no substitute for learning and learning by trading real money is usually an expensive education. Correction: ALWAYS an expensive education! <g> Rick