Short Term Trading

[xe2dy]

Some thoughts.

BIT #12 "The best way to minimize risk is to not trade. This is especially true during the low-volume “chop and slop” found during the afternoon trading session. If your stocks are not acting right, then don't trade them. Just sit and watch them and try to learn something. By doing this you are being pro-active in reducing your risk and protecting your capital."

Bit #14 "Refuse to damage your capital. This means sticking to your stops and sometimes staying out of the market."

Bit #34 "Professional traders focus on limiting risk and protecting capital. Amateur traders focus on how much money they can make on each trade. Professionals always take money away from amateurs."

I missed my chance earlier and now I'm flat.