Peter Warzycha

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If you examine the work of most successful traders, you will see that they all take many small losses. Their results are littered with numerous small losses of 7c (cents), 5c, 3c, and even 1c per share. Most good day traders have few losses that are more than 30c per share. Most winning trades should work for you right away.
Peter Warzycha
Avg trade loss
Day Trading for a Living (Stock Market Trading and Investing)
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