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

To: Tai Jin who wrote (713)	7/5/1998 4:57:00 PM
From: jawd	Read Replies (1) \| Respond to of 1729

>>> On the other hand, this does not mean that you should not take advantage of a great opportunity should it present itself. True - sometimes I finish a trade and I end up say positive $2,500. At that point I stop. I won't cut a profit ride just because it goes over my $1000 budget :) But I cut at the first sign of danger or a pause. If there's a pause and I'm over $1000 up for the day, I get out and finish. I'm looking at the yearly figure of $240,000 profit - not a daily thing of trying to make say $10,000 in a day. If I just get that $1000 a day, then the $240k will come in exactly 52 weeks!