Psychology of Day Trading

ReadingNewspaperRead today’s paper tomorrow. When you read yesterday’s paper each day with the
 knowledge of what the market already did, you will affirm that this mornings paper with  yesterday’s news has nothing to do with today’s market.

exitfromtradeYour decision to exit a trade means you perceive changing circumstances. Don’t suddenly  think you can pick a price, exit at the market.

judgement Remember the “power of a position.” Never make a market judgment when you have a  position.

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