never ever use margin to trade as a beginner. meaning if you have $100k, don't use more than $100k to hold it overnight for a stonk position. use only that $100k to trade so you don't have to wait for 2 days cash settlement.
6. Take trades in the direction of the trend and change 19. to *Always/Only* Use trailing stops that's it.
Missing the most important "tips": 1. Is day trading the right strategy for me? 2. If day trading is right for me, can I automate my strategy including position management? 3. Do I realistically and honestly have enough capital to day trade? 4. Do I have a legitimate edge? 5. Am I prepared to face the reality of slippage in my strategy in live markets as compared to SIM trading or back testing? I wish everyone good fortune !