Daytrading lessons learned the hard way Message Board

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Strategies & Market Trends : Daytrading lessons learned the hard way

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To: Don Pueblo who wrote (7)	7/29/1999 3:33:00 PM
From: GBT	Read Replies (1) of 24

Chicken, thanks for the trading rules, and I agree if a stock is moving away from you fast, a market order is acceptable. The hardest rule for one to follow is to take your small loss and move on. My biggest losses have occurred by hanging on to long to a stock that is going against me. Mental stop limits are now my most important tool. It is much easier to make up a $250-500 loss than a $2000-3000 loss.

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