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We can say, you have not yet pass the school of trading even if you have
earn such % of money bec you should expect the unexpected happens which all
great/lousy traders face either early or later in life as a trader.
So brace yourself and set aside/transfer some money from your account for
the inevitable one. Hope you understand and won't be angry at me. I heard
already lots of this story and do many on this list?
I know you would just laugh me off. But just an advice.
_______________________________________
At 06:02 PM 1/15/99 -0800, Neal Hughes wrote:
>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/
>
>
jpascual@xxxxxxxxxxx
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