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Old 11-15-2007, 02:52 AM
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Re: Trading Alone or With Others in Trading Room?

There are upsides and downsides to trading alone and trading with others. Distractions can be a hindrance when you're daytrading, particularly scalping where every second counts where the market will turn on a dime and you get in or out quickly. The problem with paying full attention is the emotional effect that carries with it. If you're disciplined and place your trades (entry and exit) in your plan, you should be able to walk away and let the trade take care of itself. Plus, there's no emotional attachment to the trade to influence you to get out early or late. Gotta see what suits you best.

I trade mostly forex now, London sessions, so the wait is essential, I place the entry, the stop, and target and let the market do the rest. I can do other things while the trade takes place. Unless it's news-driven market, it might be a volatile period, I stay in place and see how the market figures itself out before taking the entry or exit.

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