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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?! -- Ignore unavailable to you. Want to Upgrade?


To: speedbird who wrote (31)1/17/1999 11:48:00 AM
From: SpongeBrain  Read Replies (3) | Respond to of 611
 
How did you lose 70% and 50% ? In one shot? Did you let a loss run away?
Please shed more light on this unfortunate experience.

I thought daytraders can't get that easily blown out since:
a) You dont hold overnight, unless greed gets the better of you and your trying to get an easy gapup.
b) Cut loss immmed. Dont take more than a 2% loss (or so..)

ie: To be washed out, you'd have to take 100's of small losses with few winning trades.