daytrading march 22 morning, page-3

Hello all, I just read a post from nihilism on yesterdays day traders thread. I just gotta agree with him and say
how great conditional orders are. I only started using them recently after coming back to trading. Now I set a stop-loss
straight after buying shares. This means that if I buy at 20c and shares my stop loss is at 17c, I don't even
think about it, it just sells and I move on. Too many times in the past I had stop loss in my head and then when it got to
that point I used to say "wait a bit more, it will go up" until I was left with 20-30% of my investment.

Of course when I'm in profit I set stop loss higher so sometimes I don't get 100% of the possible profits but 70% does the job.