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Strategies & Market Trends : Daytrading Psychology
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To: Nick Morvay who wrote (42)12/2/2000 1:58:33 AM
From: Nick Morvay   of 104
 
Emotion is a strange beast. I have learned that when taking a loss on a trade to not dwell on it. Move on to the next trade. I have found that dwelling on it seems to shake the psyche and is self defeating. The more I worry about it, the more anxious I become, the more I second guess my decisions, and it spirals down hill from there. This is where discipline pays off by sticking to your rules. However, it's easier said than done.
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