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

To: JB2 who wrote (2310)	8/2/1999 2:26:00 PM
From: Dave O.	Respond to of 18137

< But novices should approach stock trading as a business -- with a business plan, enough capital and discipline > This was but one excerpt from the article you posted and one I bet many traders neglect. We all know the disciplione aspect is very tough to practice at times. But of those who trade full time, how many developed a business plan before making the move to trading? I spent a fair amount of time developing a plan, looking at my "needs" financially, allocating what I felt was necessary capital for the plunge into trading. What is sufficient capital for one trader may be terribly inadequate for another due to their respective lifestyles, their needs and wants in life. Dave