Excerpt from: Day trading newsletter Issue No. 015
I have sent away for a home study course on plumbing and have made contacts for
ride alongs with working plumbers. I will put 40,000 towards the setup or
purchase of a plumbing business. I will also trade a little during that 3
month period.
I am looking for a level ll advanced order entry system, do you have a
suggestion? I also want to mention that I started trading futures in 1994
and moved to position trading securities in 2000. I have been able to keep
my original investment of 3,000. I will be new to day trading but not new
to the stock market. I know that doesn't limit my risk, but at least I am
not totally green.
Thanks again
Frank G.
~~~Christopher's Response~~~
Frank
I'm really glad to hear that you are taking a more secure approach to your
trading future. With a small account I would not suggest that you concentrate
too much on level II. Just look for good swing/position trades and pay serious
attention to money management. You do not need the top software out there
(including level II), what you need to do is keep it simple and keep focused
on your goal: increasing your account size. If you can consistently increase
your account size you will eventually be able to trade for a living.
Chris
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