Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Ken Wolff who wrote (1839)	3/1/1999 6:25:00 PM
From: Ken Wolff	Read Replies (2) of 2120

LOSING STREAKS It is especially hard for a daytrader to understand a losing streak when he has previously been a winner. When he feels he has experience and can execute trades well then runs into a losing streak, the blow to his confidence can be tremendous. When that happens, the biggest favor he can do for himself and his portfolio is to take time to reflect. If a trader keeps making the same mistakes over and over, without figuring the reason why he's losing, then there is little hope for him and he should probably pack the trading in. If one cannot figure out why a good trade went bad, then he needs to stop. (cont..) Ken www.mtrader.com

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