@unbiasedwriter first of all very nice article , but i follow a different strategy , that is i enter at some point and after calculating commissions and little profit i left the trade this is called small quick strategy without any risk.
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I know, I use this as well, but only if I have a reason to believe that a short-term trade is sure and I can make a quick profit. Besides that, I am now in the long-term trading business... of course, with quite a lot of exceptions. Might do an article on those as well soon! :)