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To: LouAvul
Cons?

Bankruptcy. Suicide.

Sure, it's rare. But that can be the downside of gambling
(speculating) in any realm of bidness.

And moving rapidly in/out of the stock market, for most folks,
isn't much more than gambling.
I've friends that do taxes...they say that occassionally they
get someone with a stack of trade statements.
And that it's rare for them to break even for the year.

an old story about a speculator:
(e.g., Diesel, the inventor of the engine that bears his
name, suppossedly jumped off a boat in despair over some real
estate deals that had put him in financial straits. Too bad he
didn't stick around to enjoy all the $$$ with his family when
the $$$ earned off his engines started rolling in.)
11 posted on 11/21/2007 7:46:11 AM PST by VOA
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To: VOA

Interesting. I have been a pro for 15 yrs. Yes, if you think you can trade your way to riches, ask a CPA how many of their traders have made money 2 yrs in a row. He’d laugh...

Post of the day my friend!


34 posted on 11/21/2007 11:06:19 PM PST by Professional
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