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Page 81
Pit Stops:
The Pros and Cons of Being a Pit Trader
There are advantages and disadvantages to being a pit trader.
Advantages
Disadvantages
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Execute your own trades
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Say goodbye to regular paychecks.
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Substantial commission-reduction for members.
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Say goodbye to corporate perks and benefits.
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Up close and personal with the economy.
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No FDIC to bail you out on a bad day.
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You and only you control your fortunes; your abilities determine your success, not someone else's! You are the boss.
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Little or no sympathy on a bad day.
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You know where you stand at the end of each day.
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Losses are immediate, like gains.
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You can't beat the excitement.
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Out trades or mistakes can be costly.
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The length of lunch hours and vacations is determined by you; no punching a time clock.
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Standing, sore throats, physical punishment.

 
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