If you do not fully understand what PDT is, then STOP trading until you do.

I'm speaking from experience. Even veteran traders still struggle with it because not everyone has 25K to dish out and trading with a cash account sucks. I don't have that kind of stupid patience.

In a perfect world, you can trade as much as you want and make money every day. Even if you do achieve this, I promise, you won't be able to sustain it. The market will roll you eventually because it is ever-changing. That's reality.

Easiest mistakes to make:

- Jump in on hype, but you have NO roundtrips available and NO way out, so you can't take profit. You just hope it stays green for you the next day. Next thing you know, you're in the red. All you can do now is try to avg down, and that ain't gonna work LOL. 

- You tell yourself, "Fuck it, I'll just buy in and go long on it." But guess what, next day or later on, you'll probably sell because you've changed your mind and you're left holding the bag and you're, once again, in the fucking RED.

*If you have to use your last round trip and cut the LOSS, DO IT. You'll just have to wait until next week to trade again and that's OK.*

RISE TO OVERCOME IT - THINK

- Just DON'T buy in. I'd rather sit on money than take a chance on a stock and have NO control. It's like trying to fight the enemy with your hands tied. All you can do is take the hits.

- Formulate good swing strategies. It can work wonders if you study, practice and trust the PROCESS. Example: find something with a low RSI or average the daily low for the past 5 to 10 days and try to find a bottom.

*Remember, position sizing is EVERYTHING. I try my best to ALWAYS take a starter because, ultimately, you do NOT know what the stock is going to do. Only buy in with a certain percentage of your capital. If avg'ing down is your last resort or you take a hard hit, at least you'll still have a solid account with solid capital. NEVER go all in. In a perfect/solid setup, you can find a good bottom, add on momentum and sell into strength. WATCH YOUR RSI (and sometimes VWAP). 

DON'T GET GREEDY. Take your profit. Let the winner run if it continues.

If you can learn to accept this mindset, you can get better.

-Cajun