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The basics of what I know and/or believe today:
1)There is a 50% chance that the market will go up/down at any given moment (I know some of you will disagree).
2)I can save one tick by using a limit order instead of a market order to enter and exit a trade.
3)My trading will be focused on losses.
4)I will work to answer the question: How much pain(losses) am I willing to take on each trade?