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Page 45
healthy respect for the power of the market. No trader is bigger than the market. Just ask the Hunt brothers, with respect to the silver markets.
One of the self-cleansing effects of Direct Access Electronic Trading is that if, for some reason, you do not do well and your capital is reduced, you must replenish it or you cannot continue to trade. Margin requirements are a fail-safe mechanism. If you decide to stop, a good part of your capital should still be intact. Other types of endeavors frequently result in the entire loss of your risk capital. In Direct Access Electronic Trading your capital is always liquid and available to you (plus or minus your trading profit and loss). While you put your capital at risk, the risk is only as great as you make it. You assume market risk (trading risk), not capital investment risk or order execution risk.
Other Initial Costs
Where can you go into business with virtually a limitless upside potential for a relatively small amount of money and with few administrative headaches? With Direct Access Electronic Trading you have unlimited earnings potential and yet you can go fishing or golfing whenever you want. The DAET workday is a scant 6 1/2 hours with no weekends or nights.
The cost of entering Direct Access Electronic Trading is relatively inconsequential compared with other potentially far less rewarding business opportunities. For example, the initial cost of entry into Direct Access Electronic Trading is much lower than the cost of a McDonald's or a Subway sandwich franchise, and you don't have to clean counters and sweep crumbs at the end of the day. One of the mottoes McDonald's tells its workers is that if there is time to lean (on the counters), there is time to clean. With DAET you can lean without cleaning. Furthermore, not only is DAET far from menial work, but it is also the ultimate in tradecraft and enterprise.
The entry costs are moderate. The initial cost involves your training, the acquisition of a computer, and a connection into

 
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