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Old 01-23-2008, 09:42 AM
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Re: Daily stop loss/profit targets

It's hard to see tomorrow as a bright future when you're down and want to see it your drawndown reversed. But it's inevitable, the emotional state is already disturbed and contaminated. Any more of those will get the drawdown spiral down even more. Get out while the getting is good. I have those days, I usually fool myself by saying the market is not right today so it gives me a reason to stop trading the rest of the day. But if I convince myself that it's me that needs to do right, that's when that convincing will get me back in and do more harm.

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