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

To: Dan Duchardt who wrote (7219)	3/11/2000 1:45:00 AM
From: Dave	Read Replies (3) \| Respond to of 18137

All right - you made me do it - I have to make a post in response to all of this talk about how much money you need to start trading. The thing that I want to point out for all you new hopeful traders is simply the following: " IT DOESN'T GET ANY BETTER OR EASIER THAN THIS !!!! " The current market conditions are so conducive for trading that it is totally ridiculous. A person could make a fortune by simply buying the QQQ's every time they make an intra-day dip - check out the charts for yourself. There are actually very few days in the last several months where you wouldn't have made a profit following this simply, dare I say strategy. For all of you long time day traders I.e. the ones that were actually trading last summer, just remember how tough you thought it was because the market was illiquid and the volatility was low. Well, a real Bear market will make that period look like easy pickins! The bright side is that most Bear markets don't last for years. I'm not saying that we are going into a Bear market, as a matter of fact, I'm banking my trading career on the hope that stock trading has now become a firmly entrenched way of life in America, but don't delude yourself into thinking that current conditions will last forever. This truly is a once in a life time opportunity. Regards, Dave

To: Dan Duchardt who wrote (7219)	3/11/2000 2:16:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 18137

Dan, you are right: "It might well be worth a loss of net income to leave it behind for something that has the potential to someday make up for that lost income while doing something you find interesting and enjoyable." Everybody is different, which makes the "how much capital does it take" and "should I quit my job" questions rather difficult to answer concretely. Ultimately, "it depends". I am fortunate in that I have a high-paying career (I am a software engineer) that is currently in great demand and that I enjoy a great deal. And because I am a consultant, I have the freedom to work only a 40 hour week, giving me time to devote to the market. (I realize that many people in my career don't have that freedom, because they are employees, giving-away 20-30 extra working hours a week in exchange for a options-lottery ticket. Given that scenario, I can see why others that share my career might prefer to quit to trade full-time. :) ) I suppose my views are biased by that - why would I give up that career to trade full-time, particularly when I am convinced that this bull market, like all bull markets, must ultimately come to an unseemly end?