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Most people who are successful at changing careers, are doing something that
is related to the things they did before.
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: "Allan Havemose" <havemose@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, September 20, 2000 12:57 PM
Subject: Re: Living as a trader - How to start?
> I traded full time a few years ago, so here are a few thoughts:
>
> 1. It's more difficult than you think. It's very different trading
> while having the security of a paycheck than trading to produce income
> 2. It takes a long time to get consistently profitable. Read Marty
> Schwarts's book "pit bull" for an account of what it likely will take
> you.
> 3. Realize than Metastock is nowhere close to what the big
> institutional guys have at their disposal. Also, you will likely be at
> a disadvantage with execution and commisions. Your methodology has to
> more than marginally profitable on paper to be profitable in real time.
> 4. Do the math on the amount of capital you have. If you have 100k and
> can generate 5% return per month consistently (which is very good for
> most of us), you may only be able to cover your living and business
> expenses.
>
> Anyway, I enjoyed the ride. Best of luck !
>
> Allan
>
> --- Hey it's Gregoire <happy_greg@xxxxxxxxx> wrote:
> > Dear all,
> >
> > My question is not about MetaStock. However, I
> > realised that there are experienced traders on this
> > list who could really help me.
> >
> > I am thinking about taking a leap of faith and trying
> > to live from my trading activites. It is really wired
> > to think about this unsecured situation. Beside, I
> > don't really have a trading system that works today.
> > But, of course, I think that success in trading
> > depends on the time you grant to the information and
> > model reasearch.
> >
> > I just feel that it is what I want to be doing, but I
> > want to make sure that I do it the right way.
> >
> > Anyone who wants to recommend, advise, or even share
> > opinion is welcome to help.
> >
> > Thanks.
> >
> > Greg.
> >
> > __________________________________________________
> > Do You Yahoo!?
> > Send instant messages & get email alerts with Yahoo! Messenger.
> > http://im.yahoo.com/
>
>
> =====
> ---
> Allan Havemose, Ph.D.
> havemose@xxxxxxxxxx
> havemose@xxxxxxxxx
>
> __________________________________________________
> Do You Yahoo!?
> Send instant messages & get email alerts with Yahoo! Messenger.
> http://im.yahoo.com/
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