I made probably the worst mistake to date in my learning and trading journey. So I figured what would be the best way to hold myself accountable. That would be by writing a blog post and owning up to this mistake.
On October 15th, I purchased 2500 shares of $DSGT for $0.28. Before the end of the day, I sold off 1500 shares and I had chased that initial buy price as I thought based on news catalyst that it was going to soar much higher. I thought because I hadn't sold off all of my shares that it would not be considered a day trade and wouldn't count against the PDT rule for me. But I was wrong and just realized it this week when I did it again on November 18th by purchasing 20000 shares of $BRTXQ (now $BRTX). So now I was holding onto two stocks overnight but had sold off a portion during the day that I bought it and I was about stuck since I had also purchased and sold another stock earlier in the week.
First of all, I didn't adhere to Tim's #1 rule of cutting losses quickly which is what I should have done with $DSGT -- I sold off my remaining shares today for about a 24% loss. $BRTX, I had planned to hold until the next morning and sell as I anticipated the rise to just over $0.30, but I couldn't get in to sell it. Thinking it wasn't going to affect my PDT I held onto it until through the day yesterday and am still holding it as I don't want to get my account suspended for 90 days, so I will wait until next week when I can make another trade and sell off $BRTX. Maybe it will go up a little bit, maybe not. It's about a 30% loss right now!
You live and you learn!!! I have a lot of learning yet to do. It has not been a stellar week for me overall, but I can't believe I held overnight thinking by only selling a portion of my shares that it wouldn't affect PDT for me. But apparently, I was using the stupid part of my brain to come up with that logic!!