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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: SpongeBrain who wrote (9109)	1/17/1999 1:04:00 AM
From: Bob Jagow	Respond to of 12039

If you want to have a go at playing for a living, SB, why not try Vegas? As compared to playing the markets, playing the pass line requires zero knowledge and the lower commission/slipage/spread will prolong your pleasure ;)

To: SpongeBrain who wrote (9109)	1/17/1999 1:40:00 AM
From: Richard Estes	Read Replies (1) \| Respond to of 12039

It is a serious business. Without outside income, you need capital of 250,000 or more. Lets say you are able to increase capital by 20% or 50,000. How much do you need to live on. The 20% is probally in the top 10% of returns. I often say you need an average return of 25% on capital to stay trading. If you only bring 100,000 to the table, you need 50% to get your 50,000. This is year after year. The biggest bull of all time makes things look easy; it isn't, or everyone could do it. I am not sure about the crap tables. But, think long and hard, have the knowledge before you start. Know yourself first.