Another thing about "Day Trades" is if the stock is not doing well.
You cut your loss.
Re-enter if it drops even further and you still like it to bounce.
Conversation
If you have under $25,000 in account, always do cash account. Never margin.
That’s the toughest thing in the world. Being humble and acknowledging it wasn’t a good entry or trade.
Funny how ego can complicate something that seems so simple and obvious. Sometimes it's hard to admit when you're wrong. Cut it.
