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Patrick Slevin wrote:
>
> Well it's unfortunate that most missed the point.
>
> But I am not surprised.
>
> Someone asked how to transition from working for a living to trading for
> a living and I gave an example of how one person did it.
>
> Do you know, not one person took it in the vein of how one person took
> an inheritance and transitioned from working in a field to trading?
>
> No. Instead each person said sure. If I had 5 million dollars I could
> trade.
>
> Not one person thought in terms of how to move from working to
> trading....each thought about the 5 million.
>
> The money had nothing to do with the point.
>
> --PJS
>
> LB122134 wrote:
> >
> > In a message dated 98-01-17 10:57:53 EST, you write:
> >
> > << He had a client, a lawyer, whose parents died and left him about $5
> > million. >>
> >
> > You know, with a $5,000,000 account, I think I would also quit my "day job"!
> >
> > Larry
> >
> > PS Patrick, kidding aside, I have appreciated your sharing of your trading
> > styles and successes, and hope to someday be able to tell a similiar tale.
May be you deleted my post before reading it. I said position trade daily systems,
and when your yearly income from that trading is twice what your regular job is
paying, you can make the jump safely. Of course the more you have in assets, home
equity etc at that time, the less pressure you'll have. Point is, you make more in
trading when you have other revenues than when you depend on that, because the
pressure is much much bigger. Otherwise, I would not start anything under $200.000
in trading equity, or understand, there is a serious risk of failing while being a
successful trader.
Gwenn
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