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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: electra who wrote (370)	6/9/1998 12:20:00 AM
From: Magnatizer	Respond to of 1729

electra just quit and did it. Although 40 hours a week is now a bare minimum. I don't know about anyone else but the average hours I put in is near 70 per week. I will be trimming this figure down once I have a better system in place. I also will be taking a few months off to reset my mind. Trying to avoid burnout is the largest obstacle IMO ht david

To: electra who wrote (370)	6/9/1998 12:27:00 AM
From: David R. Parker	Read Replies (6) \| Respond to of 1729

A few thoughts in reply, electra.... 1) Trade/invest "extensively" part-time before you quit your day job. 2) Read everything you can get your hands on from "really" successful traders...not "book writers" who are only into selling their system. 3) Haunt thestreet.com, read everything Gary Smith writes. Always have CNBC within earshot. 4) Get _completely_ out of debt. 5) Be sure you have enough capital. Seriously. You need several hundred thousand (preferably 500,000+)to even think about doing this, IMHO.... 6) "Know yourself"...do you have the temperament and personality to really do this? Not always an easy question to answer.... I've been doing this full-time (supporting a family of 5) for about a year now, and the mental/emotional side of it is the toughest...(after getting the cash to start)....but, I've no intention of ever going back to wage work. I love this! Best regards, David

To: electra who wrote (370)	6/9/1998 12:37:00 AM
From: Magnatizer	Respond to of 1729

electra I thought about what I had posted about just quiting and jumping in. That is close to what I did but the capital was there for me to have the luxury of time to learn. As David Parker so noted it is not to be taken lightly and there are many necessities to success in the market trader career. I wish you the best in your future ht david

To: electra who wrote (370)	6/9/1998 8:40:00 AM
From: Tim Luke	Read Replies (1) \| Respond to of 1729

I have been doing this full time for over 8 years now and my advice to you is go and buy every book on the subject before you start.