Quote from EtfTraderLives:
You guys have to stop daytrading. Really. You will do so much better with a longer term perspective.
An example trading plan
Issue: AIG
Bias: Long
Target: $35.65
Stop: $24.15
Accumulation: Add on dip into $24.40 area.
Profit taking: $27.25 on 50% position
Stick to a plan and dont be a dumba$$ and daytrade.