Day Traders – How and Why to Use a Daily Stop Loss

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Learn how to control daily risk while day trading, so that a single losing day is easily recouped by a winning day and won’t ruin your whole week or month.
In addition to controlling risk on individual trades, nearly every professional day trader I know, including myself, also uses a daily stop loss. Just as a day trader shouldn’t let one single trade ruin their day (although this does occasionally happen), professionals also don’t want…

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