DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Bilow who wrote (3164)	8/22/1999 12:54:00 PM
From: Cash	Read Replies (1) of 18137

Anytime a trader gets the feeling that he "wants to make it back," it is time to close his positions and walk away for a while. Every trade is a new trade, and you have to forget your wishes. Let the market tell you when to get out, not your memory of what happened yesterday or earlier today. I couldn't agree more. This is one of the top 3 ways that I have seen traders damage their accounts and if it ever does work, it's only extremely good luck that would have been better used on the lottery. Talking about "streaks" are there days when you say that you just don't have it and "get small" or don't trade at all? You trade a lot, so how many trades do you do before you determine you are on a streak (good or bad)?

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