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Re: Under-Capitalized trader Needs Advise



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ELI WEISS wrote:
<BLOCKQUOTE TYPE=CITE>&nbsp;

<P><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>brandon:</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>1 can u chose
the broker or the boss is the broker ?</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>2 just do it</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>3 if u dont
u will be sorry all your life</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
do your homework.</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>in a web site
name Dynamic Traders</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>there is a good
thinking on the subject.</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>good luck</FONT></FONT></FONT>

<P><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>----------</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> From: <U>brandont@xxxxxxxxxxxxx</U></FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> To: RealTraders
Discussion Group &lt;<U>realtraders@xxxxxxxxxxxxxx</U>></FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> Subject: Under-Capitalized
trader Needs Advise</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> Date: Wednesday,
August 06, 1997 11:42 PM</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>></FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> I need advise
from anyone who may have a suggestion to my problem.</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>></FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> I am an ex-broker
(series 7), for the past 3 years I have been studying/Trading the market
and</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> systems and
feel VERY confident in my ability.&nbsp; I was presented the opportunity
to trade a</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> leveraged
account with an ex-boss of mine.&nbsp; The leverage = 10:1, with 75% payout.</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>></FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> Problem being
I don't have the 25K needed to open the account.&nbsp; I have been beating
my head</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> against the
wall trying to come up with that kind of capital.&nbsp; I have even considered
taking cash</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> advances on
credit cards, however that would only get me to 12-15K.</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>></FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> Does anyone
know of a lender keen of traders, AND NOT REAL ESTATE???</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>></FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> Any suggestions
would be greatly appreciated!!!</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>></FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> Thanks,</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>></FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> Brandon</FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>></FONT></FONT></FONT>
<BR><FONT FACE="Arial"><FONT COLOR="#008000"><FONT SIZE=-1>> Aloha Brandon,</FONT></FONT></FONT></BLOCKQUOTE>
......a belated note from the islands here.

<P>Just a few tho'ts on the matter,

<P>.....do you own a home (or mortgage on one)
<BR>.....consider taking out a '2nd' or getting an equity line of credit
if you
<BR>&nbsp;&nbsp;&nbsp;&nbsp; have enough equity
<BR>.....the interest rates are Not tax deductable on credit cards ,
<BR>&nbsp;&nbsp;&nbsp;&nbsp; whereas they are on mortgages , as you probably
aready know.
<BR>.....the payback timeframes and the ability to do so must be compared
<BR>&nbsp;&nbsp;&nbsp;&nbsp; to your trading skills you feel confident
in...big decision...

<P>.....as Eli said , this could be Your opportunity and you're being "tested"
<BR>&nbsp;&nbsp;&nbsp;&nbsp; to see if you really want it.....where's the
will and the way, etc...
<BR>&nbsp;Keep the faith and check all the avenues and please pardon the
late
<BR>response to your post...we've been busy with such things as major
<BR>hurricanes heading our way.

<P>Aloha, Wayne
<BR>&nbsp;
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Subject: STK: CZT
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Does anyone have any short term opinions on this one?
My indicators giving a strong buy at 43.75, with a run to 47-48.  I am using
alot of new methods and indicators and wondered what some more
traditionalists thought, thanks, you guys have been great.

Scott