Day Trader's Edge, 1

Have you tried day trading since you last trashed and burned your account? Ready to give it another try? Here’s some ideas for getting it right this time. These ideas are from Howard Abell’s The Day Trader's Advantage: How to Move from One Winning Position to the Next

PART ONE: Day Trader’s Psychological Obstacles

1. Getting into a trade before first deciding at what price to stop your loss.

2. Having decided on your stop loss but failing to execute it.

3. Holding onto a dogmatic belief about the market after price action clearly contradicts that belief.

...cont'd tomorrow...

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Copyright 2008 Raymond T. Lee. All rights reserved.
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