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Pit Stops:
Surgical Trading |
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The following letter was sent over the Internet to Mark Brown. It's priceless. His reply is invaluable for people hoping to make a quick buck trading futures. (Mark Brown has also done an interview in the book. See Chapter six.) |
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Dear Mr. Brown: |
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I happened to find your name and e-mail address in a newsgroup posting. I'm a 62-year-old surgeon, and I wonder if I might borrow a couple minutes of your time. I'm a complete novice to day-trading but I'm considering trying it. To date, I've bought and sold stocks and mutual funds on a very small time basis, holding most for months or years. I've always wanted to try day-trading, but I'm totally clueless as to the best way to learn day-trading. |
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Actually, what I'm planning to do is set up an exceedingly bright but completely green friend of mine with training, equipment, and data-feeds, and then let her go to town. She's a 36-year-old grad student (psychology/divinity) with an IQ over 188 and a Mensa card in her wallet . . . exceedingly bright but with zero experience also. There seem to be a few prominent players in the training market. I haven't the slightest idea if it makes sense to go to one of these courses and spend $1200 to $3000 for a few days (or as long as three weeks in the Dina course), or whether the same or more can be accomplished with books and/or home-study courses. One advantage of the Broadway course is that you can apparently watch daytraders at work during market hours. And, of course, I'll need books and data-feed services. |
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Can you make any recommendations as to how I should proceed? I'd be happy to pay you for your time. |
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Here is Mr. Brown's reply. |
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Give your money to a charity and you will feel much better than you will by having guys like me take it from |
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