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Old 12-01-2006, 06:06 AM
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Re: New Trader: Should I Call It Quits?

We sure miss feb! Hope he comes back.

If you really love the market, you're willing to do it for free? I paper traded for a year without thinking if I was going to make money. My only idea was to understand the market and eventually with luck and readiness I can start trading for real. Money should not be part of the equation, it's an afterthought. If you think about it before, during, and after the trade, you're off to a wrong start. Believe it or not, it's not about the money. It's the whole irony that makes most of us lose in the markets. If your surgeon think about how much he's going to make on your operation and not about saving your life, you'd think twice right?

Take some rest and see if this is what you really want to do, write down 2 columns with pros and cons, and see if it's what you really want to do, even if it's for free. If you do decide to go for it, think of it as an internship, no pay, just learn the ropes until you're ready to be hired as a fulltime employee.

The other thing is a couple of months is very little. Took me a few years to break even. Lots to learn, relearn, develop, redevelop, define, refine, repeat, etc. All these takes time.

Good luck.

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