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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?! -- Ignore unavailable to you. Want to Upgrade?

To: Meredith Cullen who wrote (182)	1/18/1999 11:27:00 AM
From: Master Trader	Read Replies (3) \| Respond to of 611

23 out of 1000 survive.......... start with 1000 full-time trader wanna-bes.......part time doesnt count after 6 months 150 are still surviving after 18 months 15% of those 150 are surviving 23 out of the initial 1000 that started can make a living daytrading, which doesn't mean they are getting rich but merely paying the bills or better............. The 2 biggest reasons for failure.... 1} They are undercapitalized and cannot survive the tuition or learning curve. They think this is a get rich quick gambling type of environment. They were lazy at their jobs and think trading can be done the same way. 2} mistakes/psychology (ie. letting a trade turn into an "investment") The odds are against everyone who starts this game, but it can be done. I can personally tell you that it is the most satisfying thing I have ever done. 5 1/2 years and loving every trading day. Listen to the successful traders on this thread and notice the common work habits and themes......the strong survive.....or back to 9-5.