Daytrading Psychology Message Board

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Strategies & Market Trends : Daytrading Psychology

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To: E. T. who wrote (2)	12/1/2000 11:20:34 AM
From: the Chief	Read Replies (1) of 104

Well I am from the old school, know what your irsk reward ratio is before you go into a trade, take your reward or take your risk. That is, know what you are willing to sell the stock for, before you go into the trade. Then if the stock exceeds your "reward price, follow it with a trailing stop. Greed is an emotion, "more people have lost $1.00 trying to get an additional 10c" Confucious should have said that! the Chief

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