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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Len who wrote (10012)	2/25/1999 4:19:00 PM
From: Trader J	Respond to of 56532

Len: That is how you do it. I recently have reduced my trading account to 1/2 of what it was when I moved to Brown & Co. I am going to bring a little more over but I am focusing on quality of trades now and not quantity of shares. I am perfectly happy making $100-$500 a trade multiple times a day. I am also getting back to my goal of $500/day. If I exceed that, great....if I don't, great. I had recently adjusted my goal to $1000/day and was doing ok with it but sometimes I felt I was a slave to that goal. I want to make sure I keep having fun. Sure it is more fun to make more money....but for me, it isn't entirely about the money. There is about 250 trading days in the year and $500/day still comes out to $125,000/yr. Set realistic goals based on your style of trading and your trading capital. Tj