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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jon K. who wrote (1116)	12/10/1998 9:09:00 AM
From: SE	Respond to of 99985

Jon K, Don't forget the part that many of them state quite plainly that they lost for years until they found out what markets to trade and what their individiual personalities were. Certain trading styles fit certain personalities and if your style does not match your personality, you will lose. Although some make it and make it big, it is not without lots of experience and hard work. In other words, don't quit the day job quite yet. Good Luck. Study, learn, study, learn, study, learn and then try a trade and then study learn.......you get the idea. -Scott

To: Jon K. who wrote (1116)	12/10/1998 1:19:00 PM
From: SE	Read Replies (1) \| Respond to of 99985

Jon, One other thing that I forgot to mention and I think that many on this thread would probably agree with. The easy part is figuring out the direction of the market or the stock...the hard part is proper entry and exits. -Scott

To: Jon K. who wrote (1116)	12/10/1998 10:30:00 PM
From: Patrick Slevin	Respond to of 99985

If you hit the link on trade records ("Click Here") you will see this fellow pulled out $167K since May trading one S&P contract. skansearch.com The results include (what I would consider) a few foolish position trades where he would put a position on with a wide stop and leave for vacation or even just a few hours. He got burnt on all of those and two of them cost him over 10 points each, or $5000 plus. Now in theory, one could start such an account with less than $25,000. Even if he started with $50,000, it's over a 325% return in 7 months or so.