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I state the obvious that we as day traders are here to, well… make money! In order to make money in a worthwhile way, we’ve got to take more than a single trade. In other words, you may be having a green day but in order to build upon your profits, you’ll decide to make more trades. As is the case, there’s always trade-offs with the trading decisions you make. The positive outcome is you can make more money and have an even bigger day. The flipside of course is you can lose money and give back the gains you’ve made. Unfortunately for me, I tried for some more green and ended up giving back gains. This comes with the territory!
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