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

To: Eric P who wrote (2785)2/2/1998 9:14:00 PM
From: dpl  Read Replies (1) | Respond to of 12617
 
>Each new daytrader wannabee should ask themselves: Am I smarter, more
dedicated, harder working, more disciplined, etc. than 90% of the other daytraders
getting into the market? <

You forget talent.Trading is an art not a science.In fact of the traders I have known the smartest(as in I.Q.) had the worst results.

David



To: Eric P who wrote (2785)2/2/1998 9:20:00 PM
From: dpl  Read Replies (1) | Respond to of 12617
 
> Assuming that 9 out of 10 daytraders fail, I'll bet that at
least eight of them believe they will be in the exclusive 10% that succeeds.<

What they believe does not matter.The 10% that have the talent will succeed, with the help of a lot of work, regardless of the "odds".

To them the odds mean nothing.What the odds mean is "10% of peaple who try to trade have the talent and work hard enough to make it"

David


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