Quick evening thought. Pretty self explanatory. Don't feel the need to throw your hard earned money out there on any trade. You will only expose yourself. Especially those who are under the PDT rule. Don't just buy any random stock overnight to just hold so that you can trade without using one of your day trades. Make sure the trade you decide to take overnight logically makes sense and is a sound decision that follows your rules. I've seen several nasty gap downs overnight. Literally, before 7am. And there is nothing you can do about it until your broker allows you to start trading. I've seen 10, 20 even 30% drops before PM even opens and felt bad for the people who just randomly decided to pick any stock just to make a trade to hold overnight. Don't make that same mistake like I have several times. It's a gut wrenching feeling to watch your hard earned money go down the drain because of 1 foolish move. Make a disciplined trade if your are planning to hold overnight that makes logical sense that follows the rules. Remember, sometimes no trade is the best trade. Trade like a sniper. Wait for the best setups and you WILL get rewarded!
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