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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (1352)	12/3/1997 8:01:00 AM
From: steve goldman	Read Replies (1) \| Respond to of 12617

I'm not exactly sure if I entirely believe this argument, etc, it just came to mind as follow through from something we had talked about earlier:::: Return is an important after the fact percentage to indicate the success or failure of the trader yet a professional, day/swing/trader should be more worried about the actual dollar amount he can earn, since for a trader, THIS IS HIS/HER LIVLIHOOD. You have opportunity costs which equal the amount your money could have made being managed by someone else added to what your skills could generate as earned income, through working for someone else or starting your own hedge fund, mutual fund etc. If you have 30k and make 75%on it trading, you could still do better getting a job, making photocopies at a mutual fund, let alone how much better you would do as a good trader (75% is very good) at the fund. Yet 75% on 200k is very nice. So, a trader, since it is a profession, and will probably be 100% of the adjusted gross income on a 1040 tax return, rather than the schedule d component, a percentage of the tax return, should be more concerned with dollar amounts. Regards, steve@yamner.com