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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (16542)	6/23/1999 3:04:00 PM
From: LTK007	Read Replies (3) \| Respond to of 56537

Rough day lost 2k in 15 minutes on NSPK options--as CEO came out blasting the wires with full denial of any talks--and BINGO tank time-----sold the calls----to top that my accountant just called to say if I could tell him how much capital gains I will make this year----and I said that is an impossible question to answer--I dare say he doesn't play the stock market. Saw a long time trader who has just written a book say the single most important factor in being a trader is the ability to take a loss----if you can't do that don't even attempt to trade. He runs a trading company now and says he stakes people to 50k for a year,and if they break even they are hired.Max