Also never make one of these day trading stocks into a long term hold.
Why? Because they all come back down. Sell and take your profit and after the stock drops you have the option in the future to go back in for another day trade.
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This one right here 👆👆. Im in the process of walking my son n some others thru this. He learned his lesson on $LMFA bounce yesterday, caught a nice entry only to hold n watch it go red on him. I told him where it was likely to fail ($2.25) n why but greed took over n never cut
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i have made this mistake a few times , i dont hold until it becomes a loser but i have given back a lot of profits thinking it would be a 100% winner
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So when do you know to exit, inflection dip over certain percent??