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All About Day Trading by Jake Bernstein

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CHAPTER 3How to Do It, Part I

Theories and opinions about profitable day trading methods and procedures abound. If you have not yet discovered that almost every trader has his favorite procedure and method, you will certainly find that out sooner rather than later. In some ways that’s a good thing; it creates a great diversity of opinion as well as a great diversity of positions. That helps to create a two-sided market, rather than one in which most traders are thinking and acting the same way most of the time. But you will also discover, if you have not already done so, that a vast portion of what transpires in the real world of day trading has nothing to do with clear and objective procedures but rather is the result of gut feel. That’s not ...

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