daytraders after market lounge 29th feb 1012, page-34

Tim, yeah excellent advice. Cheers! I am getting better at exiting the bad day trades quickly, rather than sitting there staring with a stupid look on my face as the price drops. Now I hit the sell button and swear at the monitor.

I have also recently halved the size of the parcels I am buying for my trades. I had been operating on the theory that a big parcel could result in a $400 profit on a single tick up. Being somewhat thick of skull, it took me a while to figure out it works both ways. Even exiting a bad DT quickly feels like a BIG LOSS when you drop $400 plus brokerage on a single tick downwards.

So now the profits are smaller but I'm stringing together more winning trades, so it's adding up....