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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: SpongeBrain who wrote (25473)	1/17/1999 10:33:00 PM
From: bdog	Read Replies (1) \| Respond to of 79202

SpongeBrain, "Considering quitting your dayjob to trade???" All you need is a good pair of flannel pajamas, a bag of magnets and 2 monitors like David, a couple hundred IM's and PM's going on at once like Doug with no sleep and you're well on your way...>g< all kidding aside, this is a game where your head can be handed back to you on a plate in minutes, most daytraders are in cash at the end of the day...try doing that consistently and make a lot of $...I would rather position trade.... when I first started the lure of a screaming bull market pulled me in to learn the ropes...only to have it cinch around my neck my initial deal was to buy MSFT, INTC, and CSCO middle of 97 and hold, had I done that I would be a king, over 100% profit, learned nothing and cocky to boot...instead I bailed before all my profits were wiped out on pull backs...then I traded my account down 60% (still ahead of college...>g<) and learned a ton of stuff, for one thing...this game is not easy and nothing but a lot of work... my 2 cents...enjoy... bdog