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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade
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To: Gary Korn who wrote (1565)10/4/1998 9:59:00 AM
From: dpl   of 2120
 
" Another helpful piece of advice I've picked up on SI is to not think of the loss as
money. It is points. Just points. As I go through my morning trade session (until I get
spaced and have to stop), I'm thinking of sixteenths, not dollars. That helps. Lose a
sixteenth? That's easier to deal with. Don't think about the money. And never be
trading just to "win" the money back. That's not trading, its gambling."

Gary,great advise.In fact,I never count my "chips" until the end of the week.

David
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