re: Would you agree with this "stock advice"?

Before you make a trade, have an exit plan. Think about how you're going to get out of the trade if it doesn't go your way with minimal to no loses. Don't make emotional decisions. Some days just watch the market if you don't see a good trade. No trade is better than a bad one. Don't try to trade like other traders, trust yourself and learn what works for you.

A great book to read is electronic day trader secrets. LINK