After a great run of day trades, I've hit a wall and can't seem to time the market right. I've entered on what look to be strong trends, and they were both reversed right after I entered. I'm looking into the reasons and am trying to put together a lower risk entry. In both the trades, I was right about the overall direction, but wrong on the timing, so that's something to work on.
I'm on the fence about day trading, since I have less than $25,000, I can only make 3 day trades in 5 days, so I can't really actively trade and monitor reversals with better trades (because when I get stopped out, I'm pretty much out of day trades until a day or two). Talk about keeping the poor man down.
Still looking for options for May Expiration, I can't figure out this market so I'm trying to play it safe (trying).
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