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Strategies & Market Trends : Trading From Main Street. -- Ignore unavailable to you. Want to Upgrade?

To: Brandon who wrote (51)	5/9/2001 1:28:42 AM
From: Brandon	Respond to of 226

Much has been said recently about the high failure rate in trading. I would like to briefly touch on this. I will be the first person to admit to you that most people who give very active trading a try are not going to find the success they had hoped for. There are many reasons for this. I feel one of the primary causes of failure amongst traders is a lack of education. Let us look at this in another manner. Lets assume for a minute that you and I want to go into business together, we want to open a restaurant. If you call the small business administration right now, they will tell you we have about a 90% chance of failure, much the same as in trading. Now lets assume for a minute that neither you or I know how to cook, or how to run a business? What in the world are we doing starting a restaurant in the first place? If however you are one of the best chefs around, and I have very good business skill, our odds are obviously above 10%. My purpose in starting this thread is education, which is the key to assure that your chances of long term success are above 10% Brandon