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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: Susan Saline who wrote (574)2/21/1998 2:46:00 PM
From: Satyr   of 2120
 
The simple way to avoid that is to pick a point BEFORE you enter the trade that says if it hits here I'm wrong then place your stop order at the same time you place your original trade. It takes that painful decision out of your hands. You'll get whipsawed a few times but more often than not you'll save lots of time and money.
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