It's not as easy as it seems and a flipping strategy generally needs t be supported with a basis in tech analysis.

if you do it on gut feel you;ll just get whipsawed.

The way i play it is that I have a defined amount for LT, a defined amount for MedTurn and a defined amount for Short term.

The ST position should not be swayed by potential profit and should only be based on charting activity.

As many of you might recall I'm a big believer in bollingers and exponential moving averages. Those bands will tell me when to get in and out.

Write now I'm kicking myslef becaues I let myself get caught up in the hype and only sold 1/2 of my ST position. So even when you want to be disciplined with this stock its hard.

So before you kick yourself up for not flipping, if you don't have a sound strategy for entry and exit points ( example sometimes I sold out of a ST position just to see the thing turn around and give a buy signal at a higher price and then I'm jumping back in for more money) don't kick youself becasue one day you'll flip out of the stock on a runup and it will never come back down again and then you'll really kick yourself.

I know I sold over a good many shares- way back when - at less than 25 cents just to see it scale to 43 and fly to 2 bucks. Yes i had my Longterm position on and took profits at higher prices. But sure would have loved to have gotten 1.50 for the stuff I sold around a .25

Looking back I'm ok cuz I need to separate strategies but when you trade stocks you rarely buy at the low or sell at the high and you shouldn't expect to.

You should have a defined strategy and stick to it. Don't try to flip because you feel you're entitiled to or had you done it before you woudl have made money. FLP because you haev a distinct strategy with a separate pool of money that you use for flipping. I have 4 separate tdameritrade account including my SEP. so that allows me some discipline and segregation of monies/securities and prevents comingling. ( I can't borrow from investment dollars to flip and i can't flip or overbuy on margin cause I flip in a cash only account)

Again a lot of controls need tobe in place to protect you from going overboard, sort of lioke going to vegas with a blackjack plan but only taking a thousand or so dollars to limit your losses and save room for another day.

Sorry for the long babble but too many people become 1 note jhonny's when it comes to day trading and end up losing their shirts or more,.