DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: AugustWest who wrote (102)	6/6/1999 4:09:00 PM
From: Don Pueblo	Read Replies (1) of 18137

Whatever works is what you should do. The only problem I have ever seen is where a guy starts out with a day trade and it goes the wrong way. Suddenly he calls it a "position trade". If it keeps going the wrong way, it then becomes "an excellent long term investment". Wrong. If it's a day trade, it's a day trade. If it goes wrong, you get out, you don't twist your brain into making it a position trade. If you find yourself thinking, "I'm way past my limit on this, I have to hold it", just step out into the back yard and let the dog bite you, it's less painful and it's over faster. I wish there were some things that I didn't learn the hard way. <ggg>

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