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Cut your losses Cut your losses Cut your losses
That's all I can say.
USE STOP LOSSES!!!
Don't keep "averaging down" just because you don't want to take a loss. You have to ask yourself why you're averaging down. Don't be scared to cut your losses and move on.
If you don't use stop losses and your goal is to make money off EVERY trade, you will not make it as a daytrader.
Once you master the art of NOT loosing money daytrading, the profits will just take care of themselves. Most people get into daytrading trying to make money when you should be trying not to loose money.
Like I said before, once you master the art of NOT loosing money, you'll make bank!
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