[LIVE] Day Trading | Stop Loss Location Matters! (Trade Strategy)
Making money online day trading stocks for some people is a huge misunderstanding. Perhaps you've heard it before that the stock market is gambling or being a day trader is no different than being a gambler. Those people are completely wrong. I will be the first to admit that day trading can have its ups and downs and be frustrating; however, just because money can be lost does not mean the stock market and trading in general is totally randomness (gambling). In this live trading situation you can see that I come very close to losing money, but I don't... was this just luck on my part? Or was there a trade strategy at work that allowed me to know what location to manage risk by placing my stop loss in a strategic location. Part of learning how to day trade stocks online is not only learning about what a stop loss is, but WHERE to put the stop loss. Location matters!
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