Why is it that Pro Day Traders sell on the spike higher and so many newbies can't?
1) Sometimes newbies can't sell because of getting restricted for PDT?
Well then don't put your self in that position. Trade in a cash account. otherwise that puts you at a great disadvantage.
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Just focus about locking in 10-30%. Forget $ dollar amount. Doesn’t matter how many shares you have. If it’s weak lock in sooner at 5%
Anyone under PDT saying “greed” is mistaken.
It’s fear. If they had the liberty to execute trades without repercussions they would understand the value of profit taking and move on. If you are unable to detatched from a trade. That’s fear.
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Greed is programming naked shorts! But that’s because it’s illegal Lol.
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