Wednesday, July 30, 2008

Not as easy as I thought

I took four positions early today and things looked pretty good until lunch time. All four stopped out for a loss of 1.45% to my account. I like the "every day is a new day" philosophy of day trading, but the quick gains and losses (as opposed to waiting days or weeks) is a bit unsettling so far.

I had to resist the urge to just jump back in. I've set a limit for losses per day, and I need to stick to them.

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