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To: ColleenB who wrote (40148)	8/1/1999 11:25:00 AM
From: J T	Respond to of 43774

"The majority of people visit Vegas with the idea of leaving their money at the casino" Really? You would know this how? Because if you ask anyone that is going to Vegas I betcha that they say to WIN not LOSE. But then they haven't been BURNED yet like you have so they have a POSITIVE attitude and not the Defeatist attitude that you have. " And even after this extensive training, many [most] still fail. " How many people have trained to be Doctors,Lawyers,Bashers and still fail? Doesn't mean that people aren't going to stop trying. " The industry is already extremely competitive with many businesses failing " Yet you fail to point out that MANY are SUCCEEDING and making TREMENDOUS PROFITS for their shareholders. It's all in the Attitude colleenb. Just because YOU can't do something that other people can doesn't make it bad,does it? JT

To: ColleenB who wrote (40148)	8/1/1999 7:35:00 PM
From: ISOMAN	Read Replies (4) \| Respond to of 43774

The same can be said for Real Estate Agents, Lawyers, Car Saelsman, Salesmen, Independant businessesmen, Coffee shops, Video stores. Etc. Everyone thinks they are going to be the exception. Everyone. But in every industry, it's the 80-20 rule. @0 % of the people do 80% of the business (and of that 20% less than 20% are the superstars.) Look at Century 21. The most Successful Real estate Franchise system yet . more than 80,000 sales reps, and less than 200 of them every year make Centurion. Do you know what it takes to be a Centurion.. One of two things. $150,000 in gross commission sales in a year Or 60 transactions. Hows that for odds. The best system boasts 200 top achievers earning 100,000$ or more out of roughly 80,000 salespeople. It's like that in every business. ------------------------------------------------------------ It gets worse. out of the population 5% make more than $40,000 per year gross anual income. Of that 5% only 3 out of 10 make more than $100,000 a year. So what does that mean. 98.5% of Canadians and Americans make less than $100,000 per year, And 95% of the population makes less than $40,000 (Source Ontario Academic study 1987, Stats Canada 1989) In every business, if you're going to be on the top, you have to be the best. For the record, I don't think people should day trade, until they have $100,000 un-encumbered cash. If you're even thinking of trading for yourself, you should paper trade for at least 6 months. but 1 year is better. You should study level II screens for at least 200 hours. And....You should ignore anything said on message boards, except one thing... Use the message boards as a gage for enthusiasm or for panic. That's it. Don't use em for research.