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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Dan Duchardt who wrote (4283)9/21/1999 4:34:00 PM
From: TraderAlan  Read Replies (1) of 18137
 
Dan,

<How do you balance the idea that three down candles mean nothing with the fact that 3 5-minute bars can at times be a 5-10% drop and the need to protect profits and avoid losses??>

One meaning is that you got into the trade at a bad reward:risk position and weren't able to withstand some wriggle without getting shaken out.

You have to assume that the market will act in such a way to cause you the most pain. That usually means your best execution will occur when things look the worst.

Alan
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