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.
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