What kind if Day stock trade is it?
Is it a banger that can go much higher?
Is it a penny stock? A small float? A bounce trade?
Also because some new traders on margin have limited trades. They should stick with only "Banger Day Trades)
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For new traders.
Day Trades are NOT swing trades. They are NOT hold trades.
You need to know what kind of stock you are buying.
What price you think it could drop to for you but then sell to make a quick profit.
At what profit do you plan to sell? 10%? Less?