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 (1841)	3/8/1999 7:23:00 PM
From: Ken Wolff	Read Replies (2) of 2120

LOSING STREAK (cont..) If I am losing, I would want to know why. One way to do this is to see what other experienced traders are doing. I have noticed that experienced traders tend recognize which trades match their abilities. If a trade is moving at a pace where it is blurring and he cannot tell the direction by watching the individual trades, then an experienced trader will stay out. Recognizing the "pace" in an attempt to not trade over your head is one of the keys to successful daytrading. Ask yourself this question: "Can I accomplish a clean stop lose with my skill level and the performance of my broker?" If you are not sure, then you should stay away from the trade and wait for another. Ken www.mtrader.com

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