Day Trading right now is a dangerous game if you make a mistake.
There are a lot of industry set up and traps.
For instance a Stock rallies. People jump in and then the industry whacks it lower fast.
Down 20%+
Have to be careful what you buy what you chase.
How long you hold
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Been coming across tickers that I was down % on hoping for a rebound. Sold all yesterday morning. Now they’re -20% plus from that. For anyone holding bags. Just look at your account balance today knowing if you go to cash that’s the lowest it can go. Build from there.
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New to trading but couldn’t you just set a limit sell to stop that from even happening?
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