Trade What You See, Not What You Think Message Board

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Strategies & Market Trends : Trade What You See, Not What You Think

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To: Threei who started this subject	11/5/2001 5:42:39 PM
From: chris-	of 867

Play of the Day realitytrader.com Today I go over the failed breakout attempt on Flextronics (FLEX:Nasdaq). This was entered near $21.90 and exited into the rebound off support near $21.65, costing a stop loss. Later the trade became profitable, but this is just hindsight trading and nothing to concern ourselves with. We managed the loss on this one, keeping it small in order to catch three breakout setups into the afternoon that overcame this one loss. This is how trading should be managed. Cut losses small so you have more focus for other setups that will have a chance to go profitable. If you concern yourself with focusing on a losing position, then you most likely will miss new opportunities. Chris

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