DislikedIf you're in and out of trades during the same trading session and/or the same trading day then you would be considered a "Day Trader" therefore the psychology behind Day Trading is MUCH MUCH different then the psychology behind a "Position Trader" such as JPLazard.
If you are trying to follow his lead, as in trying "Position Trading" then you probably won't be successful as it is a completely different style of trading which requires a whole new set of skills.
Hope that makes sense... Sorry if I did not understand your first question,...Ignored
Yes I'm a day trader with a penchant for scalps.
What is annoying me and I'm trying unsuccessfully to correct is the following fact. Every day I give back to the market, at least 30 % of my profits. I want to correct this, but don't know how to do it? Yesterday, at LO+NY session I was @ +220 and I knew that was the max profit that I can have for the day, and guess what ? I closed all position with only +120 few minutes after Lo close. that's is very
Don't be smart. Be rich.