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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: Dave who wrote (1060)	7/28/1998 9:39:00 AM
From: Dave Block	Read Replies (2) \| Respond to of 3216

Dave, When you first start trading I would not worry about your accout size. Their is a learning curve in this business which is in the range of 10-50k(depending on how agressive you are). Start off with 50k and as long as you have access to more capital in the future. You should be fine if you decide to become a day trader. I would also open my account with a a SOES house in your area for the training and atmosphere before you fly solo. You can get beat up pretty quick with little or no expirence with this type of aggressive investing. Buy a couple books on the subject of day trading to put the business in perspective. I have heard that the book "electronic day traders" is a very good book to read for novice traders. Do your due diligence before you start training. After you have trained and dabbled in some trading for a few months you can start to see some profits. I can say you should be able to make in a good market(like we are in now) $250-500 /per day which equates to 60-120k per year based on a 20 day month. GOOD LUCK

To: Dave who wrote (1060)	8/4/1998 12:58:00 AM
From: Dave	Read Replies (1) \| Respond to of 3216

Trading Cost Analysis with CyberTrader - feedback wanted! In order to appease myself before I start day trading I have made up an Excel spreadsheet in order to identify the rate of return I need to achieve in order to make a reasonable living. I'm looking for some comments on the assumptions that I've made about trading. In particular, what would be the winning trade percentage to expect and the average gain per winning trade. I know all of these parameters are going to depend on my trading style and system but I'm looking for some feedback from successful CyberTraders. My spreadsheet has shown me that the broker makes out very-well regardless of my fate! Starting Capital: $100K Trading Capital with Margin: $200K Desired Rate of Return: 40% Number of Trading Weeks: 50 Trades per Week: 25 Winning Trade Percentage: 55% Average Point Loss per Losing Trade: 0.25 Average Trade Size: 1,000 shares Average Commission per Trade: $45 (round trip) -> Calculated results to meet goals, includes all trading costs Required Point Gain per Winning Trade: 0.44 Required Annual Rate of Return: 66% Gains per Week: $2,640 Trading Costs per Week: $1,040 (includes connection charges) Regards, Dave