All the research, hands-on practice and learning curve stuff
we've talked about so far boils down to lots of homework:
homework before you get started, and homework every single day once
you're on the investing highway.
The bottom line is that there's no preset formula that can
tell you how much money you need to bring to the table, how much
time you need to devote to trading each day, or what it takes to
succeed at a particular style of extreme investing. The key to your
enjoying—and profiting from—any form of extreme
investing will come from your love of the sport and your
willingness to do what it takes to master it.
This excerpt was reprinted from Extreme Investor: Intelligent Information From the
Edge (Entrepreneur Press) by Randy Rodman with Don
Logay.
Content Continues Below
Randy Rodman is an avid day trader and professional writer on
marketing, business, the Internet and investing. Don Logay is a
business and corporate communications contributing writer to
hundreds of magazines and newspapers.
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