My first daytrade ever. Got confused by chatroom noise (did not execute my plan). Thanks to Tim I've learned cut my losses ASAP. Lesson 1: Follow whats been P.R.E.P.A.R.E.'d/ cut off outside buzz and noise. Lesson 2: Specify selling positions at IB when cutting losses. Follow up plan: Review Traderchecklist, DVD's and lessons. Confirmed learning: The #1 rule Cut losses quickly.