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17,246 Posts.
955
02/11/07
11:56
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lesson 1-
don't listen to people on HC, always do your own research before trading
lesson 2-
refer to lesson 1
lesson 3-
most daytraders lose money, 7 out of 10 on average
lesson 4- dont borrow funds to daytrade, u can multipy your losses very quickly
lesson 5-
Once you are 100% comfortable with d trading then and only then should you borrow to trade imo
lesson 6-
No one gets the market right every time
lesson 7-
u learn more from losses than u do from wins
lesson 8-
but on rumour sell before the fact, not on fact
lesson 9-
when everyone is buying, start selling.
lesson 10-
Friday afternoons, best time to buy cheap stock.
lesson 11-
Monday lunchtime best time to sell
lesson 12-
The above two lessons are based on factual data, however doesn't always work, see lesson 6
lesson 13-
Gotta have nerves of steel to be a daytrader
lesson 14-
a virtual trading account is a good place to practice
lesson 15-
use stoplosses when appropriate
lesson 16-
dont listen to some bloke on HC preaching lessons to you
I will email you later today with some info, cheers
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