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


To: Craig who wrote (2197)7/30/1999 1:03:00 PM
From: lifeisgood  Respond to of 18137
 
Thanks for the post. I needed to hear that:

I envy people who have careers that provide purpose and growth to there lives.

Those of us who do have careers which have purpose and meaning sometimes (briefly) envy those whose careers are more financially rewarding. Sometimes I lose sight of what's really important. Thanks for reminding me.

best...

LIG



To: Craig who wrote (2197)7/30/1999 1:10:00 PM
From: Boom Dog  Read Replies (2) | Respond to of 18137
 
Hi, Craig,

The Rothschilds were the ones who had advance news of Napoleon's defeat via courier pigeon. But a funny aspect of the story is that they had this information because the financed Wellington! They profited from advance trading knowledge, yes, but in fact they contributed significantly to Napoleon's defeat. Of course, the Rothschilds were also notorious for manipulating markets with false bad news, acts that would today land them in prison.

I agree with your comments, though. Daytrading is a business like any other, only harder than most. You have to be smart and professional to succeed. I also agree that the prime purpose of work is to put bread on the table for your family. To succeed at this should be a matter of pride.

My phrase "selfish" was perhaps ill-chosen. From the standpoint of providing for ones family, that is not selfishness at all. But many seek to justify daytrading through its imagined benefit to society. I think you, instead, have hit the nail on the head: it is a valid job, which supports ones family. And at least it doesn't hurt society, as one might claim running a casino does.

Yours,

The Boom Dog



To: Craig who wrote (2197)7/30/1999 3:50:00 PM
From: Eric P  Respond to of 18137
 
I envy people who have careers that provide purpose and growth to there lives.

I have always envied people who both make good money AND love their jobs. While I was working full-time in a professional career, I could only satisfy one of these needs. Now, as a full-time daytrader, I am making much more money that I have ever made in my life AND it feels more like a hobby than a 'job'.

I love it.

-Eric