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Gary
Boring as it may seem, day trading depends heavily on finding the right
instrument to trade, for all the right reasons. Once found, given the
correct way of assessing and implementing the r/r/r there is simply no
reason to "lose thousands of dollars in 10-15 minutes, several times a
day..."
There are a number of different ways of ensuring you do not lose your shirt,
while at the same time allowing you to put bread on the table. Most people
claim that they had to learn the hard way - and maybe it is the only way to
learn - but the point is, it is quite feasible to learn. Furthermore, it
does not have to be half as complicated as some people seem to think it has
to be; there is no magic or wonderment about it - just learning, like you
have to do with most things in life.
However, the plus point about day trading is that you sleep nights. No home
work, no worry, no extended lines of credit, no margin calls, no Elliott or
Gann or forward guessing the market. It is just trading what you see in
front of you, when the market opens. You don't need a complicated sytem or
program and back testing or any of the sophisticated (so called) tools, or
anyone elses opinion or advice on the market. You can do it all yourself,
for yourself and, what is more, live to tell the tale.... It may not be
easy, but when it comes to earning a living, what is?
Best of trading
Bill Eykyn
www.t-bondtrader.com
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