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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (1288)6/22/1999 8:57:00 PM
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Nice post, Alan you-are-da-man. Your point about being unwilling to take a profit likely being due to lack of confidence that you can recreate it, is a potent one. The Pristine guys have an excellent piece in their seminar about this. They describe how they repeatedly enter trades correctly & setup their stops, manage the trade, don't sweat it, take their profits, OVER and OVER and OVER and OVER... all the while knowing that they can do this anytime they want to. It's really important to get into that groove! That's TRADING. This mindset also can eliminate the frustration with selling something, then see it continue to move in (what would have been) your favor. Your reaction becomes, "So What?!" -Steve
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