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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (2124)1/4/1998 11:25:00 AM
From: TFF  Read Replies (3) of 12617
 
Learning How To Win, Learning How To Lose:

How to win?.....DON'T GET EXCITED about a big win. Just take it as a normal part of trading. Always close a winning trade and move on.
As a daytrader you can lose as quickly as you win.

How to lose?..DON'T GET DEPRESSED about a big lose. Just take it as a normal part of trading. Always use stop loss orders. Always close a losing trade and move on. As a daytrader you can win as quickly as you lose.

You must learn to take all your trades in stride and focus on you trading plan. Getting excited or depressed just clouds your judgement
and prevents you from take the right action at the right time.

This is the biggest difference between successful traders and losers.
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