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Re: Alchemist post# 83887

Thursday, 03/06/2003 6:43:04 PM

Thursday, March 06, 2003 6:43:04 PM

Post# of 704041
Paper trading sure ain't the same thing as real trading. I do kind of like the idea of trading small amounts at IB as a pseudo trading. Still if I managed to scalp $1 out of the market for the day, I sure would want more than $50 for my trouble. Preferably 4 figures or at least a high 3.

$50,000? Now you tell me. <vbg> Probably about $30,000 would be the absolute minimum since you need a cushion over the $25,000 requirement, but of course that would be for an already experienced day trader who wouldn't immediately fine themselves in the hole going, Oh ......

After 3 1/2 years what stands out is you have to be flexible. You have to keep trying things and constantly learning. And changing until you find what works for you and the current markets. Looking back over my records, I just shake my head in disbelief. I had no clue as to what I was doing when I started. How I didn't manage to lose all my money is beyond me. It sure isn't because I didn't try. <g>


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