newbies into day trading, page-10

BuffWarren,
It took me a year or two to eliminate my ego of comparison, that is to compare the profit I made in my bank account to the hype profit I could have made if I did this and that. that ego created self doubt, unnecessary fear, and negative energy around my trading table. I couldn't agree more you will feel much happier a few bucks a day than 5k a week, in saying so, my own experience is I usually trade 5 stocks at once, in the end, 1 loss, 2 do nothing, 1 small gain, and 1 big gain (50% plus), and it is that one big gain defines your bank account, and you need to make sure you have stop loss on that loss trades.

to improve the turnaround of my cash flow, I only put my money in the hot area, RXL might gone up a few percentage last Friday, but if you think about the number of resource stocks on the asx, then risk return ratio is very obvious, and have to say, what a fantastic way out for those participated RXL SPP.

my last experience, DYOR, and use master mind at the same time.