This is a great tip for beginners. Me likey. In such a way you can protect yourself from significant losses. I also started trading recently and follow the same concept as you do. Red market is for experienced gamers who know exactly when to exit from the market. But if you are an experienced trader, you can't predict exactly next dropping of price. Also, I want to improve my skills in day trading and become a PRO. I have recently read about the launch of the educational platform for traders. It's called NewConsort. I want to get new skills from more experienced traders. It will become available with this platform.