Day trading report Feb 8, 2008: +$340
The 3 trade max. rule is working well tonight. I was more patient to wait for the right moment. I almost entered my 4th trade but didn’t because I wanted to stick to my rule, at least for the first day. Luckily, that would have been another losing trade.
I think I’m finally learning that it’s not worth it to get into small moves. The reward/risk ratio is usually not good. And those are usually the emotional trades too, where I somehow convinced myself the price is going to move that way.
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