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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Matthew L. Jones who wrote (3902)9/13/1999 9:12:00 PM
From: Chas  Read Replies (2) of 18137
 
You can make all the right decisions for entry into a trade and still be proven incorrect. Intra day noise can stop you out once or twice before your stock trends. Most day traders do not re-enter the trade and miss the major move of the day. ($4,000 left on the table). Successful traders learn to take many small losses, getting stopped out, but are not afraid to re-enter the trade even if it means at a slightly higher price. (lower for shorts)

Don't beat yourself up over missed opportunities, it comes with the territory. Missing an opportunity in this business is like missing a bus in NYC, there will be another is a few minutes.
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