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Re: JEDIDIAH post# 72898

Friday, 06/21/2013 10:16:54 AM

Friday, June 21, 2013 10:16:54 AM

Post# of 797207
Jed- im taking a very similar approach lately (except for fnma, im long). Taking small gains (sometimes very tiny ones) and compounding them. Do the math and you'll get a sense of how long it'll take you to reach $25k. It won't be as long as you think, probably, if you consistently take small gains and try very hard to keep your losses even smaller! Be disciplined, not greedy. Sell when it's going up. Meanwhile, study more on how to spot tops and bottoms, so you'll be ready to ride the dips once you're able to day trade. I'm fairly new to this but off to a decent start because of that approach.