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Using Statistics to Determine When to Stop Trading for the Day (VIDEO+FREE SPREADSHEET)

Overtrading can be a day trader's worst enemy. It's common for traders to be negative on the day and think "I can make it back!" or sometimes we're up a lot and start thinking "I have profits to play with so I'm going to get aggressive." Both scenarios often lead to disaster! If you're a data-driven person, this video focuses on using basic statistics to help you understand when it's time to "call it a day" and stop trading. At the bottom of this post you'll find a copy of the spreadsheet used in the video; feel free to modify it and use it to help you in your day trading journey!

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