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

To: booters who wrote (11010)	12/18/2000 6:06:03 PM
From: jaybiegh	Read Replies (1) \| Respond to of 18137

Hello Boots (and others who responded) Great advice on the books Boots. I quote the number of books I've read not to imply knowledge, but rather commitment to learning. I've used the books to gain basic knowledge regarding the buzzwords and challenges but on cannot read that many without realizing that there is much conflicting info and BS running around under expensive hard covers. With just under a month left in Phase 1(paper/sim) of my "business/trading plan" I am polishing Phase 2. I intend to open a DA account using the minimum required(10-15K). I will be trading only 100 share lots in liquid stocks (CSCO etc)with the goal to learn order routing and execution. Severe limits will be placed on the number of trades per day, etc. with these limits only progressively loosening based on successfully meeting certain metrics. Disciplined stops have not been a problem so far in my paper/sim trading and I am committed to that momentum carrying over into the real thing. I expect the first quarter of next year to be ugly for me (success wise)and my forecast spreadsheet clearly shows that if I ever do become successful then protecting my capital early will pay off greatly later. Thanks all JB