share your tips on day trading..., page-9

So very true. The hardest thing to do is to be emotionally unattached and set your stop loss. I'm still not adhering to this rule and is the reason why I am not as profitable as what I could be.Another mistake I continually make is to chase a share instead of waiting a few minutes after it has run very hard to retrace.Anyhow one of these days I'll get it right.Today with all the excitement surrounding IMI instead of putting my sell of 500000 shares I put in 50000 at 0.012 and subsequently sold the rest at o.009.
Daytrading can be very hectic and costly.
The trouble with tight stop losses is that you get taken out very quickly and then the share continues to trend up.
But I must admit it is better to cut your losses than to hope that they will come back to the price you paid.

By the way anybody know what happened to Nikko , the guy that first started this forum.Shame he isn't around to see the fruit of his labour.