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decide to hold the stock for an additional loss out of a false sense of pride. An assistant will help you maintain discipline on the loss side of the equation. |
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Your assistant will help you find value in the market and also help prevent loss. Your helper can scan Investor's Business Daily for stocks on your daily watch list such as yesterday's most active, new highs, new lows, and whatever else excites your trading appetite. |
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Also, the availability of an assistant means that you don't have to close your office when you're out. Why shouldn't you be making money while you are playing golf? |
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However, don't confuse the ability to have a good lifestyle in business with the business of business. Sure, you can take an afternoon off. You can take a long lunch. And you can take a day off from time to timebut not every day! You are your own boss in DAET. You have to make sure that you act responsibly as your own boss and, in fact, become the toughest boss you ever had. In the business of trading, time, capital, and skill are your inventory. You need to spend the time to grasp opportunity when it comes your way. You never know when that tidal wave of price movement will wash in your direction. The 3-point increase or drop could occur at the opening as well as the closing of the market. You want to be there when it happens. |
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Managing your own business means that you will undertake a minimum amount of paperwork. By and large, your trading system and your broker's clearinghouse should prepare the paperwork for you. You will want to review the computer runs for accuracy so that the "Flying Dutchman" of cyber-space doesn't roost as a trade on your statement. Your computerized trading program should also generate a daily profit and loss statement. |
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People who love the concept of DAET but don't always have the time or the head for trading can now participate in this tremendous opportunity through the use of strategic alliances. |
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