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Non-Tech : A.B. WATLEY - THE ULTIMATE TRADER! -- Ignore unavailable to you. Want to Upgrade?

To: Nirmal who wrote (1232)	5/7/1999 3:16:00 PM
From: AlienTech	Respond to of 2045

>>. The goal is to make a million or more within couple of years.<< have you tried buying lottery tickets?

To: Nirmal who wrote (1232)	5/7/1999 3:30:00 PM
From: TFF	Read Replies (2) \| Respond to of 2045

$2 million that's what you'll need.;)

To: Nirmal who wrote (1232)	5/7/1999 4:03:00 PM
From: Tim Luke	Read Replies (2) \| Respond to of 2045

the tools you will need : IF your good: tums good heart doctor 12 hours sleep a week IF your bad: bankrupcy attorney divorce lawyer

To: Nirmal who wrote (1232)	5/7/1999 6:52:00 PM
From: c.d	Respond to of 2045

3 million. 1.6 to loose in the first year and 1.4 left over for divorce court.

To: Nirmal who wrote (1232)	5/7/1999 9:38:00 PM
From: tman	Respond to of 2045

attain.com I would start here. I would also lower your expectations to something more reasonable. Like avg 400 - 500 profits (after all trans cost) per day you trade. To do this with some "safety" might take 100K to 200K working capital to start. Then again; why would you take advice from someone who works for a living?

To: Nirmal who wrote (1232)	5/8/1999 2:19:00 AM
From: Jenna	Read Replies (4) \| Respond to of 2045

Nirmal, someone directed me to your query. I'll tell you how to make your first million. 1) start with an inheritance 200-250,000 is about right. This is to allow room for mistakes, loses, cockiness, etc. 2) Lose the first 50-70k because you think you are smarter than everyone else and you won't make the same mistakes they do. You'll find you'll make even more, especially if you buy too many options to get rich even quicker 3) learn how to interpret a companies 1. Income Statement 2. Balance Sheet 3. Cash Flow 4. valuation 5. profitability 4) Get the best software for stock scanning and analysis that money can buy, not a lot just 2 or 3 of the best. Then get the best instant execution broker you can get. Just like you know you shouldn't look for bargains in a) surgeons b) parachute makers and now add c) discount brokers to the group. 5) Spend 1-2 years fine tuning your trading system, read a lot of books, read all you can about the companies and sectors that are 'hot'. Keep abreast of the latest technologies, companies holding what percent of the niches, competition, etc. 6) Learn that if you are making money in a great bull market you have not really learned to trade but have had a string of good luck. For a real test see what happens in a deep market correction. If you still have any money left go on to step 7. 7) Surround yourself with trading pals, start a chat room, trade in a group.. Learn from everyone's elses mistakes. 8) Spend about 18 hours a day studying the market, its trends, the various stocks, prepare watch lists, etc. ( You want a million, then be prepared to invest a good deal of your entire waking hours in that pursuit) 9) After about 3 years if you haven't already burned out, you could probably be among the 5% or 6% of traders that make an excellent living doing this. More likely you should be satisfied to make an 'adequate' living or supplement your family income. Have sensible expectations or you won't even get off the ground.