That means it isn't a side job; day trading is your only job. These pull backs or retracements actually offer professional traders with a much better price at which to enter in the original direction just before the continuation of the move. A mental stop-loss set at the point where your entry criteria are violated. However you decide to exit your trades, the exit criteria must be specific enough to be testable — and repeatable. Therefore, using stop-losses , which are designed to limit losses on a position in a security, is crucial when day trading. There are three tools you can use to do this:
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