In my experience,psychological factors are BY FAR the biggest determinant as to whether or not you will be a successful trader in the market...
You have to have a daily plan and then stick to it and pull the trigger when your entry/exit criteria are met...no second guessing...just in and/or out....End of day is for analysis of what you did right and/or wrong and to learn from and determine to "do better tomorrow"
Easier said than done,I know...I'd be far wealthier if I'd followed my own advice lol,but we're always learning.
Re multiple trades in the same stock during the day....Yeah,it's VERY common amongst daytraders (and I've done it many times myself)...just be aware that psychologically it can really do your head in...In MY experience,it's more productive to take the money or loss and run.....Move on to the next and don't look for a "revenge trade" (if your initial trade is a loss)
It's important to keep you head clear and ALWAYS move on to the next trade...hence you need to have several lined up at open.
