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Yes, even with access to all the latest execution terminals, Joe Average,
has still to
pay up tuition fees (time/money) before getting the hang of it, to be
regularly profitable.
Too bad, majority wil fell on the road side (as in depletion of money and
emotions)before they can hack it. So my advise is trade only the smallest
size, as you learn, that way, you
will last longer and as you get/understand the nuance of the specific
market your into.
As you gradually learn the ropes, its okay to make small amount at
first,most newbies
expect to make it big once they get their hands on such tools, its
best/better to go home everyday with profits, big or small.
"Everything has been figured out, Except how to Live"
Jean Paul Satre (1905-1980)
Dark Hacker wrote:
> You wrote:
> > There are many methodologies for SOES trading, and there are
> > traders that can scalp using a SOES system. When I was exploring
> > SOES (18 months ago), I watched an experienced SOES trader for a
> > day. He made 27 RT trades that day netting $2600 after commissions.
>
> The WSJ ran an article today on SOES and daytrading. Unfortunately
> a lot of firms are preying on the little guy for startup trading
> capital. Sucks. Lots of little scalper partnerships are adding
> liquidity to the market and competing with the larger firms.
>
> Technology has brought real-time intraday markets to anyone with a
> PC and a web connection. That's ok, I have as much chance as they
> have except I have one advantage... I have no ego... had it
> surgically removed in 1997 after that Intel debaucle :-).
>
> - Hacker
>
> ---
> Dark Hacker | Fortress Of Computation
> hacker@xxxxxxxxxxxxxxx | http://www.computation.com/pub/hacker/
>
> Investment and Market Outlook:
> http://www.computation.com/pub/hacker/Investment/index.html
> Bishop Protein Analytics:
> http://www.computation.com/pub/hacker/Bishop/index.html
> ____________________________________________________________________
>
> "Building our future... one twisted freak at a time."
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