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Day trading in the world of the stock market, and certainly in the world of option trading can put lots of money into your pocket. On the flip side though, it can also remove quite a bit of money from you pocket… quickly! If you’ve never heard me say it before, let me repeat myself (and show you in this video) that day trading is difficult. Yes, the upside rewards and potential is absolutely awesome; however, if you want to reach that level. it’ll take a whole lot of blood, sweat and tears on your part. One of the biggest keys to learning how to day trade online successfully is the ability to manage risk and cut losing trades. Having to admit to yourself that you are wrong and lose money is not easy or fun to do, but it’s a requirement for long last success. Because trading contains so many emotions, sometimes logic and math gets thrown out the window and forgotten about. What do I mean? Well, by cutting a loss and preserving your money, it keeps you in the game and gives you that chance to potentially get the money back and then keep on growing it. That’s where I found myself in this video. I took a big loss, but, still had money to trade with. Could I get back my loses? Let’s see what happens in this video of my personal day trading results that I captured on video!
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