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At 05:41 PM 1/15/99 -0800, jawad wrote:
>I am 16 years old and over the past month i have made about a 700%
>gain. I started with 3,000 dollars and now i have over 21,000. My
>question is Can i Make this kind of money every month? I am a junior
>in high school and i am a straight A student, but this makes me think,
>why am i working so hard at school when in the end all it is for is
>money. And when money is so easy to make, why should i work so hard?
>Is this kind of money making unseen or is it a usual occurance?
>Thanks,
>Jawad
Jawad,
Congratulations!
You should be concerned about the topic of "Money Management".
Consider the size of your trades in relation to the size
of your available capital. How many consecutive losing trades
could you tolerate (survive)?
If you've not had many losing trades, be careful, because they
will come. If you have risk under control and could tolerate
an unreasonable number of losing trades, you may be "a natural".
But a one-month record is not sufficient, you'll need to stick
at it longer to prove yourself.
Even if you can make a great living at trading, an education is
very important at this time. I'd even suggest that you continue
right through university while you pay your way via trading. An
education is valuable in many ways, not just for career preparation.
Your education will help you to optimally utilize the millions you
will make in the markets. And you meet some great girls (with brains)
at university too! (g)
Until you find a higher calling, feed your brain! You can trade
at the same time.
Best wishes,
-Neal (still learning, every day).
-----------------
Neal on the 'net.
Trade well. Train hard.
http://www.halcyon.com/neal/
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