All the research, hands-on practice and learning curve stuff we've talked about so far boils down to lots of homework: homework before you get started, and homework every single day once you're on the investing highway.
The bottom line is that there's no preset formula that can tell you how much money you need to bring to the table, how much time you need to devote to trading each day, or what it takes to succeed at a particular style of extreme investing. The key to your enjoying-and profiting from-any form of extreme investing will come from your love of the sport and your willingness to do what it takes to master it.
This excerpt was reprinted from Extreme Investor: Intelligent Information From the Edge (Entrepreneur Press) by Randy Rodman with Don Logay.
Randy Rodman is an avid day trader and professional writer on marketing, business, the Internet and investing. Don Logay is a business and corporate communications contributing writer to hundreds of magazines and newspapers.