By @CodyTrades

I’ve been thinking about writing this blog post for a long time but a rant by @peterkto made me click “new post” so here we go! (If you don’t follow him, you should)

My philosophy in daytrading is to create a consistent and respectable amount of profit stream while staying as stress-free as possible. Because, stress is bad for health, and for trading performance. So how do I try to manage this? (It’s not always possible, of course!)

Disclaimer: Note that this is only how I like doing things. There isn’t only one right way to trade. I just wanted to give my perspective.

1) Recognize that being “whipsawed” is one of the worst things that can happen to you. By whipsaw I mean when the stock goes through your stop - only to continue in your direction.

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