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On a normal day trade on an $8.00 stock that's hot Try to get in at the best price looking to make 10%+. Once you are in try to make money on the trade. BUT if you are 10% wrong and it's only a day trade. Then you got it wrong. Get out. Your risk for reward are not more that that
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Replying to @MasterBJones and @traderbjones
Do you always have 10% stop in on trades? Or are there some that you stick with even when they go down because you think they’ll eventually go up?
I’m currently stuck in this trap with $TRXC. It’s currently up 60% and HASN’T gone back down. So I honestly have no idea when to sell. People keep saying to hold til $5.... and I don’t know if I should take my profit now... or potentially kick myself later when it hits $5.
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