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The Guts and Glory of Day Trading: True stories of day traders who made (or lost) $1,000,000 by Mark Ingebretsen

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Conclusion: A Master List of Trading Rules

If there’s one paramount, indelible truth the traders in this book can teach us, it’s that an average intelligent person can indeed succeed at trading. In an upbeat market they can grow their portfolios to substantial sums. And they can do it in a relatively short time. Granted, four of the people interviewed, namely Teresa Lo, Oliver Velez, Chris Farrell, and Brendan DeLamielleure, had worked previously as professional traders. So you could say they brought along some valuable experience when they set out on their own. And true enough, their results were for the most part better, or at least more consistent, than those of the rank amateurs (more about this later). You could also claim, correctly, ...

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