http://www.themasteryoftrading.com/Articles/Articles_Main.htm

Scalpmaster!

Thank you for the link - being new to daytrading (4 weeks) with mixed results, I found the artilces extremely interesting and hopefully useful. I know I need discipline on implementing stop losses - as I sold 3 positions at a loss only to see them bounce back within 3 days, have tended to be slow in reacting to recent drops in shares.
Thanks :-)
Anna

read trading in the zone by mark douglas this will help(order it from your local
library(they will have to order it from the british library).
from experience if i put a position on and it starts moving against me alarm
BELLS START RINGING and i make sure my stop is there.you can always cut your
position in half if you are worried.REMEMBER PRESERVE YOUR CAPITAL.re your
above experience this happens all the time to me and other traders.
you must stick to your stops and accept your loss.IF YOU CANNOT ACCEPT A SMALL
LOSS ONE DAY YOU WILL HAVE THE MOTHER OF ALL LOSSES.trading is frustrating
you have good spells and bad spells.treat it like a buisiness.if you want to
trade for 30yrs you must take it easy.if you start with 10k aim to make 7 to
10% on this in the year.keep your losses small and trade with care.best of luck
and god bless.forgot to mention be very very patient.i tend to avoid stocks
and trade the ftse and the dow.if you dont use stops on these you really will get
clobbered

Packie
Thank you for the feedback - sounds dumb but beginning to realise how utterly vital it is to preserve capital. It IS tough to not ignore stop losses but it struck a chord when I read "If you cannot accept a small loss one day..." etc
Will get the book asap - thanks again
Anna