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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 Three – Trading Microtrends – Brendan DeLamielleure: The Tactician

A hot afternoon in early July, the market’s been closed for just over half an hour, following another week of choppy, seemingly directionless trading. Sitting in the spare room of his St. Louis apartment, 28-year-old Brendan DeLamielleure (pronounced De-lama-lur) is not in a good mood. “Everything I get out of runs. Everything I stay in just comes right back where I bought it,” he laments. “I took CAMP (California Amplifier, Inc.) as an overnight. I bought it after hours. I’m sitting on it all day and it’s up 2 and some odd points. I step out a few minutes, and it’s gone negative on just 10,000 shares volume!”

DeLamielleure’s gripe was echoed by many traders who were ...

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