Day Trading How To Overcome A Common Day Trading Disaster
Market orders have their place in day trading. New day traders that penny-flip stocks need to learn patience and discipline first. One way to control emotions is to trade using limit orders that add liquidity. If a new day trader forces himself to buy at the bid and short sell at the asking price, he will prevent chasing trades like a dog running after a car. While he may miss the odd trading opportunity, he will usually find that filled limit orders are generally more profitable.
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