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

To: OZ who wrote (7207)	3/10/2000 9:47:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 18137

Oz, we are probably more in agrement that you think. Yes, if you actually start with $75,000 rather than $50,000 (setting aside $25,000 for expenses) pre-pay bills, don't have a mortgage, have reduced you living expenses, etc. etc. then our figures start to converge. :) (Your $75,000 is darn close to the $100,000 that I've called-for for somebody who has minimal expenses.) Actually, for somebody who doesn't have a valuable career, or has one that can be put "on hold" without damage, and has $50,000.... sure, in this market move in with the parents, do whatever it takes to drive your expenses as close to zero as possible, and trade away! The important thing is to be able to increase your trading capital now while the market is hot. The things that you have suggested accomplish that, just in a different way than maintaining a day job. I think this discussion is useful. Sorry if I offended anyone, but I think I was able to draw-out the important details. Simply leaving it at "$50,000 is enough to day-trade full-time" could mis-leading people into buying-in to an unrealistic scenario. (BTW, there IS another thread here called "do you want to quit your job and day-trade full time?" or some-such... I suppose those interested should go there, where they are likely to find this subject discussed ad-infinitum.)

To: OZ who wrote (7207)	3/10/2000 9:53:00 PM
From: Lans	Respond to of 18137

"That is the reason trader friends of mine like TraderAlan, Palo Alto Trader, KM have as a matter of fact chosen not to post here anymore. " I for one wish that you and your friends would keep posting(or start back again), when you have time. I find your post very interesting and informative. While I don't post much except for an occasional question on SI, I lurk constantly. Posts from experienced and successful traders is the closest I will ever get to a trading room. After you have read enough, it becomes easier to tell who the good ones are and who is full of bs. I ignore people that think they have it and everyone else should learn it or else. Posts that express how one trader trades are not to be taken as a map for every trader. The good ones know that and often mention to trade according to what fits your personality and style of trading. This may be my longest post ever. Lans

To: OZ who wrote (7207)	3/10/2000 9:56:00 PM
From: underdog430	Read Replies (1) \| Respond to of 18137

OZ, I hope that you and your friends will reconsider any reluctance to post here. I'm a new trader and I've found this thread to be very helpful. In fact, I think that Eric has led the development of one of the best resources on the web here but it depends on the posts of people like you. If there's a "nicer" thread somewhere that you and your friends are posting to, I hope you'll let us know. Mark