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Strategies & Market Trends : Another newbie trader

QQQ 554.20

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Jul 11 4:00 PM EDT

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To: Mike McFarland who wrote (11)	2/15/2002 5:59:19 AM
From: lee0	Read Replies (1) of 21

ok so you did not lose the money day trading. but lost the money because you where going to day trade. stock o is right you just need a plan. if you use ta then you can apply the same plan to any time frame ie 15min, daily, or weekly charts. don't feel bad i have done worse things. this week i did something quite stupid. i have been scalping a trading range in soybeans for the last few weeks. well i got out and went short when it got to the top of the trading range anticipating it to fall again. well it did not fall it broke out. my stop orders where all in line so that kept me from getting my head handed to me. ok here is the stupid part. saw the bottom forming. but i forgot to take my stop and reverse order off the table and i was out to eat when they broke out. now that is just plain silly huh. have fun lee

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