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Why You Should Hang Your 0-DTE Orders
It's really cool when you do the analysis, set your entry and target, then open a 2 minute chart to get a precise, calculated entry. Sounds good and feels good when it all comes together. You're in a trade by your design, you're bending the market to your will.
Now, can you get out with the same deft accuracy, and capture, or maximize your profit, or minimize your loss according to your well crafted plan? Well, good on ya if it worked out that way, that's the way you're supposed to do it, day in and day out, right?
The only problem is that it rarely works out that way. And when it does, you are surprised, not brimming with confidence, and hopeful that you'll get out with a profit, but in your heart you are prepared for the worst. Shoulda hung the order, would have been a whole new level of relief and success.
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