now I just made 50 dollars and I can't loose money on that trade ,that psychology, that confidence of having made money and not be able to loose money is the wonderful thing in the world that confidence the new rearrangement of your mind will make you a good trader
A successful day trader will have a plan when they get into the market why am I buying or shorting the stock ,I'm going to put a stop order on every order they enter and never move the stop order that they are going to start to take a profit when they can't
when they have to buy 100 shares at 50,I put a stop order in down 1% from the price of the stock,if it goes to 49.5,I got stopped out and move on to the next trade .I lost 50 bucks I can survive that if it goes to 50.5,I sell half my position,I raise my stop order to breakeven