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

To: TFF who wrote (4640)	7/10/1998 7:21:00 PM
From: Enchante	Read Replies (1) \| Respond to of 12617

A few words to the wise... The idea of daytrading for a living is very exciting. It's easy to imagine sitting in the comfort of your home office, watching flashing screens and colorful charts and, with a few deft clicks of your mouse, peeling off a few $1000 bills from the market each day. I even believe, given sufficient study, discipline and funding, successful daytrading is within the grasp of many of us. Regarding study - this thread, and a few others on SI, are invaluable resources for learning the art of trading. I know, because I recently finished reading the entire thread. It is a huge chore and it takes several long evenings of determined effort. The first 1000 messages or so are packed with information. You'll find links to other threads and sites that will cause you to wander away for the rest of the evening. Fascinating stuff. Somewhere in the 2000's there is some bickering and name calling that you have to wade through but things get back on track for the majority of the thread. As I recently posted in #The_Final_Frontier IRC channel, "I'm currently very bullish on this thread!" A few things I found helpful while reading. Open a word document called something like "Final Frontier.doc". As you come across messages that contain good information or links, copy the text of the message (highlight with your mouse and hit ctrl-c), flip over to the word document (alt-tab), paste the text to the end of your ever growing document (ctrl-v) and return to your browser (alt-tab again) to continue reading the thread. Save the document each night as your classroom notes. Also remember to save the last message you read each evening as a "Favorite" site so you can resume reading from that point. When you find a link, or Irby's incredible page of links, visit the sites briefly and save them as one of your "Favorites" so you can spend more time on it later. You're going to come across so many useful sites you should start a new favorite folder, say "Daytrading", and accumulate the links there. Studying this thread really will require a good deal of your time and I know you're eager to buy a Level II, sign up with a service and start "clicking for dollars". However, daytrading is the deep end of the pool and you must spend the time to learn to swim before you dive in. Learn the techniques and systems before betting a big chunk of your portfolio. I've personally realized I have much more to learn before having a chance at daytrading. I do admire the successful ones and plan to join their ranks when I'm ready. Meanwhile I'll probably ignore the Level II systems, open an account with Yamner for their assistance with trade executions and continue studying. This is a great group and I appreciate all of the effort being put into this thread. I'll continue checking the new posts as I work my way through the 8600 some odd messages on TA For Beginners. Perhaps I'll find some of y'all there. Carl

To: TFF who wrote (4640)	7/10/1998 10:02:00 PM
From: TraderBoy	Read Replies (2) \| Respond to of 12617

Irby, As a newbie to daytrading, I've been following this thread for about 9 months (I have really gotten a lot from it - thanks!). I've been paper trading using quote.com times and sales and intraday charts with pretty good success and have read every article and book I can get my hands on - including Elder. Question: I've earmarked $50,000 to use to start my daytrading career. However, I feel I need more education and am considering taking the Insight Securities 2 week daytrading course and then would daytrade there til I feel I've reached a point where I would feel comfortable daytrading at home. Do you think this is a good approach and do you know anything about Insight Securities (or does anyone else out there)? What's your opinion of these daytrading businesses? Thanks, in advance, TraderBoy