Look at the Level 2. Trade Smart and Trade Simple. There will be only one opportunity to correct a wrong trade. Make small gain and move on. Be prepared to exit a bad entry.
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Penn State Econ major~Scholar of Behavioral Finance & 30yr mkt trader~Proponent of the notion that psychology & emotion recurrently contest the efficient market hypothesis*DISCLAIMER:NEVER trade any security based on my opinions~Live Life~Smile Often
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With an MBA and working on Wall Street background, as well as 20 years of continuous market trading, I have developed a keen understanding of day trading. Host of StockTalk Chat http://bit.ly/StockTalkLiveTradingRoom