Do not try any day trading when you are out of day trades. I thought a couple trades were gonna go great this week. But unfortunetly the Robinhood app got my buy/sell limits mixed up and ended up buying/selling at market price nearly marking me as PDT. I thought I could still trade with it hoping Robinhood would take those trades off after I filed a report, but they said it would take 48 hours or more. Well, not only did I miss out on a great capture that brought me from $550 to nearly $700 that shot plummeted in value before I could trade in the profit. Lost nearly $150 in total by the time I was able to cut my loss.
Lesson of the week: Cut losses quickly only works when you can day trade. Over confidence kills the wallet.
Posted Jan 12, 18 1:15 PMbyDjsworld2012
Categories
Price Action: Buying Dips/Panics
Join now or log in to leave a comment