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Old 11-30-2006, 12:43 PM
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Re: Realistic daytrading

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I think if one looks at a desired figure then that will not be the correct approach. One should concentrate on trading only, how much you earn will be decided by your effort only.
I agree. While of course with trading being treated as a business, it is always necessary to have a profit goal, I believe that setting profit quotas, etc is something to be worries about only after you know you are consistently profitable (I'm not saying you aren't already, just speaking in generalities). My idea is to trade as an adjunct to my normal job (I work 1-930 at night, so I can be present in the market to observe, etc) until I know I have built enough capital and consistency to make it full time. By that point, I plan to have set up a business model including profit goals, etc. Sorry if I went off on a tangent.

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