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To: David who wrote (481)4/15/2000 7:57:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 797
 
You know, you don't need to quit your job because you are position trading anyway.

Day trading is much more difficult. But what you have here is a system that trades based on signals that can be acted on EOD (End of Day). So why sweat it, the system has a good %win record for a position trader. 46% is just fine, even 44% would be acceptable.

You are running about three trades a month. You could do that on lunch hour. Netting out $765 a trade is roughly $27,500 a year.

Why not just try doing it this way for a few years, banking the profits for the day in the future that you might try staying home. Who knows, by then you might not want to do this at all anyway.

But it seems to me you could be doing fine just sticking to what you know. By way of example, I get asked a lot why I don't trade Bonds. Well, I don't know anything about Bonds. Why learn an entire new market when I can do fine trading SP. Same with you, why change your life when you can do well trading part-time with a position system.