Friend asking me about my last winning trade $TRNX.
I've already made a lot of money on the stock today trading it. I still like it tomorrow. As long as bad news doesn't come out. It still looks good. That's the risk with day trading and holding over night.
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Replying to
You should always lock in some profit. Let's say you are up 20%. You sell 1/2. Stock drops back down where you bought . Takes your mental stop out. You get out but still made 10% even though the trade didn't work out.
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Normally I would but can’t sell until tomorrow because of PDT, but it won’t be too long at my current pace to get rid of that limitation
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Replying to
Trade in a cash account so you don't have to worry about ever selling.
I don’t understand, I will calm E*TRADE because as far as I know, no matter what kind of account you have, if you don’t have 25k in it you can’t make more than 3 day trades in a 5 day period