So i bought this runner based off news that they had released a pharmaceutical trial that had done really well. I bought it into the market close, to avoid the PDT rule, at 3:47pm for $6.73. My plan was to sell it into a morning spike, but i woke up late and got to my lap top right at market open. By then it had already fallen 35 cents off its highs. I covered at 6.47 to CUT MY LOSSES QUICKLY. i was tempted to hold it, in order to see if it could bounce back, but i forced myself to just press the damn key and sell.

Looking back in retrospect, i should've sold it in the after hours, when it was up 20 cents. This is why it is crucial to have a plan going going into a trade, and one of the plans you have going in is a set price at which you are shooting for.