3) 10% stop loss a must if you end up not making money.
4) Try to get stocks on the bid. Try to get in early on stock sectors that are Hot.
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Got some difficult things to say about the state of day trading small stocks long.
1) Better make sure it's a "DAY TRADE".
Don't sell a day trade and hold it and you can be looking at lower price next day.
2) Better sell when you are making money. Especially on a spike.

