Day Trading Rules Message Board

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Strategies & Market Trends : Day Trading Rules

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To: Winston Kim who wrote ()	5/29/1998 8:20:00 PM
From: World Wide Trader	of 40

How not to get burned on a trade... When I have been burned in a stock or stock option, it has always been when I have bought at or near the high of the day. In the absence of a great news story, even if the intra day chart looks great I always make sure it breaks through the intra day high solidly before buying because the intraday high seems to be a natural resistance point. In other words - be careful when buying close to the high of the day. World Wide Trader worldwidetraders.com

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