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The Guts and Glory of Day Trading: True stories of day traders who made (or lost) $1,000,000 by Mark Ingebretsen

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Chapter Seven – Pennies from Heaven – Chris Farrell: The Scalper

If you’re a football fan, maybe you remember Super Bowl XXV back in 1991. The game pitted the New York Giants against the highly favoured Buffalo Bills. Yet the Giants won it 20–19 – even though they were clearly outclassed, and they knew it. To compensate, the Giants played an exceedingly methodical game that focused on maintaining possession of the ball and running out the clock. With each play, the team painstakingly eked out 3- and 4-yard running gains on a long relentless march toward the goal line.

Chris Farrell, 27, author of The Day Trader’s Survival Guide likes to compare his own trading strategy to that now-famous championship. He’s well aware that he is hopelessly ...

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