Daytraders' weekend lounge September 23-25, page-54

  1. 32,663 Posts.
    Imo just about the most important thing is . . .

    . . . If you have entered a trade on the basis of any kind of speculative gain, then you have to be there 100% of the time and be ready to exit that trade. Otherwise, from unfortunate experience, when you least expect it the Market will blindside you and you will take a loss.

    Espc on days like yesty and Monday coming and many other recent days, you would be mad to enter a trade under those market conditions without watching every second. If you can't be there, then just don't trade.

    I also feel like this about so called blue chip type stocks but I won't push my luck trying to convince anyone about that. lol
 
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