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

To: ayahuasca who wrote (2434)	11/29/1998 11:24:00 PM
From: TraderAlan	Respond to of 7382

aya, You certainly sound talented but definitely need to learn good risk control. Trading discretionary cash is different from the need to put food on the table and "losing your gains" is going to hurt a lot more as it will be a lot harder to rebuild your stake without other income. Markets trend only 15% of the time and we've been in one of those times since September. It won't last forever. You need to feel confident you can make $$$ the other 85% of the time. Have enough cash put away that you can live on it without touching your trading account for the first year, if possible. That takes the pressure off account size and performance and allows you to acclimate to your new environment. BTW I haven't traded an Internet stock all year. Too looney and dangerous for me personally. Alan