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In The Media
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The Street.com
Wannabe Daytraders Learn About Losing Loot
By Mavis Scanlon
Staff Reporter
9/27/99 5:44 PM ET

Wannabe Daytraders Learn About Losing Loot

Meanwhile, in the exhibition hall, where vendors pitched trading software programs running from $600 to $2,000 and subscriptions for trading chat rooms and advice services running upwards of $200 a month, education was the theme.

And for good reason. Many visitors were like Tien Nguyen, a 42-year-old computer programmer from Diamond Bar, Calif., who has been trading a little on the side for the past five years. Now he's pondering whether to take a month-long vacation in December or January to experience the trader's life.

At least Nguyen has a plan. The biggest mistake new traders make is focusing on profits before focusing on learning how to trade, said Greg Capra, co-founder of Pristine.com, a Web-based advisory service.

For the complete article go to TheStreet.com



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