Once again, I fell into the trap of making early and smart gains by buying small quantities of some high value stocks and anticipating that they will gain momentum as the day progresses. However, to my dismay they did not and in fact fell back to their lowest value in the day causing me losses to the tune of more than $500.

Now what should be the lessons we ought to learn from this. The following:
1. Study the fundamental, charts, and expert recommendations. Do not fall for news/stories that may be misleading.
2. Analyze the technical data and see if they justify the trends, patterns, and fundamentals. Take a dipstick before venturing into the market.
3. Be patient. If the stock prices are falling, do not panic. If you are patient. you may see a turnaround to the extent that you can recover your initial investment and even make some marginal to handsome profit too.
4. If your intraday trading can be converted to the delivery, do it...do not incur losses. Maybe in the next couple of days you might reap some gain.