12/30_INVT, WTW

-Traded it terribly and emotionally covered near the HOD. 

-Even though made money at the end but it was a bad trade. 

-Yesterday I exercised patience when I shouldn't and today I should have exercised patience but didn't. 

-Trading is all about psychological mentality!! let profit run and cut losers quickly!!!

-Ridiculously choppy one but traded it alright. 

-ModernRock also traded it and according to his tweet he cut the position in $23.80's. 

-Made 2 trades and it tricked me twice but I don't regret my entries. I sized in near the HOD b/c of the stuffing action and seemingly crack action. I kept my stop out level tight so no big damage should be expected. Covered the 1st trade due to the narrower wedge action and afraid it may b/o. 

-However the 2nd trade was problematic. My bad habit and action repeated. I sized in with avg. $23.49 risking $23.50 as my original plan but once it blew over my stop loss level it was acting quite strangely, it didn't panic shorts nor demonstrated fakeout breakout action, it was hanging there and I could see selloff going on but it was just not going down. So I moved my stop loss level from $23.50 to $23.80's and then finally covered in $23.90's. Frustrated and confused one. I widened my stop loss level for more wiggle room. It didn't workout as I anticipated. 

12/29_VKTX, INVT_stupid & wishful o/n long

-the chart is self-explainary. bought it yesterday with $4.39 avg and sold today in $3.60's.
-Neglected the price action and HUGE order hitting on bids yesterday a/h and was rationalizing.
-got emotional b/c it squeezed up a buck right after I covered yesterday. Couldn't make rational decision after missing opportunities or taking losses. That's part of me that I am having trouble to break away. Remember frustration, missing opportunities and taking losses are all part of the game!!!! Each trade is separate and independent!!! Shouldn't be influenced by any one trade b/c at the end none of them would matter much.

-Had both success and failure with it. Was lucky that I found the reason behind the movement otherwise I would get smoked for sure!!!! Jesse Livermore is wrong in this case!!! The reason behind the moment is important!!!!It allows you to make correct decision and have conviction !! I was lucky that I've found out that it's a pump at the top and saw stuffing action at $2.80 so quickly sold my entire position. If I didn't know the reason I would end up holding it and turned a green trade to red. It's important to incorporate both the fundamentals and technical into the trade!!!

12/18_EARS, FXCM, VKTX_Coin Flipping O/N holding is stupid!

-same chart as RWLK and to be it was continuation setup so I bought it.
-Broke my rule b/c it was traded below the VWAP and fading volume.
-had a chance to reduce damage but didn't take it. Bad trade.

-ridiculous one, same as RWLK, spiked after 4 days of consolidation and shot to the moon. 

-took a long position for EOD squeeze but didn't get it so got out. frustrated trade

-confused one and held 1400 shares o/n for gapper. Not part of the plan but I didn't want to sell into inferior prices so kept holding. 

-Today is full of frustration, confusion and loss but as a trader, it's normal to have days like this. Learn from it and  Live to fight another day. 

12/24_EARS_#stupidity

-couldn't help but laugh at my stupidity. this is my niche setup but I screwed up.
-the MAIN reason I bought it was due to lack of volume and anticipated 2nd round of spike.
-today is Christmas eve so it's normal the liquidity is lacking. Had a chance to short into HOD stuffing action but just couldn't pull the trigger. It was trading around 200k shares at that time.
-not a good way to end this week but there is nothing else I can do fixing it. It's gone and move on!

-digging my heel and bought it due to abnormally large volume throughout the day and slowly gearing up action. Was wrong so cut my losses. Frustrated but disciplined trade.
-Lesson: Never buy below VWAP
-Focus on what you good at and ignore everything else.

12-23_ADMS, CNIT

-Good trade. Cut everything when it was held above VWAP after 11am
-this thing almost touched $31 at the end of day, on hindsight it was good long, every dip is BUY

-bought small position after saw ABCD setup and big bidder at $2.20. 

-Unfortunately this thing was up on pump so when it crashed, it went straight down. I knew it was pump but my buy was based on the assumption that it was held up nicely entire morning and shorts could panic covering. Was wrong so cut my loss quickly.

-Frustrated day, No para to short into but take what market gives you!!!!! Always adapt!!!

12/22_PSDV_Another Huge Lesson!

-Had a shot but let it go. 

-Was influenced by Twitter noises-AT09 and Dan William and couldn't pull the trigger. 

-Had a chance to short into morning pop risking premarket high but didn't do it. 

-Was subconsciously hoping that it could trap shorts and momentum could keep up and do midday b/o

-This thing is EXACTLY like SPHS, traded thickly premarket-1.6m premarket volume and after the market opened the momentum reversed. Again I allowed myself to be influenced by others and missed the big time. Independence is the key to success!

-Starting today, do everything independently!!! No twitter, no chatroom before any trades. Focus on the price action and volumes!!

-Rather eating small loss/stopping out than missing opportunities! Fearless but never reckless! This feeling is shitty as hell, even worse than taking a trade and lost.
-Trade what you see, NOT what you think!!!!

12/21_NTWK_#MENTALITY!!

-8m float runner up on a catalyst and I started sizing in as soon as saw the weakness
-was holding huge position-3000 shares with avg. $9.153 risking $9.375 over/under.
-due to holiday week the liquidity just wasn't there so it was moving super slow.
-didn't cover at the bottom, gave it a chance but started gearing towards VWAP so took it off.
-The mentality was the key when shorting. Among the losses on AVXL, FXCM, RWLK I've finally realized the losses was created due to I was NOT mentally prepared for the pnl reversal. I wasn't ready for the pnl to turn from big green number to big red number so I was frozen when it happened. In RWLK's case I started feeling uncomfirtable and knew that I should get out and patiently wait for the bailout pullback but didn't get it and ended up emotionally covering at the top.
-Starting today, always expect the worst even if green. Profit is not in your pocket if not yet locked in. Stick to the plan, respect the stop loss level. I know it's frustrated to turn a green trade into red trade but frustration and loss are part of the game!
-again ALWAYS ALWAYS ALWAYS mentally prepared!!!!!!

12/18_RWLK_-$4000

-Even thought I saw this chart a few times but still fucked up myself.
-this chart is no different from PBMD, CANF. I started shorting early and ended up holding 2000 shares with avg. $13.11.
-the 11am reclaiming action should stop me out but I didn't and instead I let my loss snowball.
-You don't know whether it got crowded until the chart tells you. I had two chances(at $13.60's & $14.0s) to get out but I chose not to b/c I didn't want to realize the loss.
-the problem was I focused on p&l instead of focused on making a good trade and at the end this loss wiped out my entire week's hardwork and profit.
-I broke my rules again:
1) didn't cut my initial short when it went against me.
2) didn't cut my entire position when it reclaimed VWAP and started basing previous support after 11am. After all had been done, I took $4000 loss. The loss could easily become 5x, 10x bigger if I traded bigger size. If you can't be disciplined and refuse to cut the position and realize the loss then this job is not for you! Come sit down and think about it!!
-this trade reminds me of Tim Grittani and his trades. We have similar trading style by shorting parabolic. The strategy works 90% of the times and it enables you to remain consistent BUT there are two things to watch out for:
1) Always have a plan and predetermined stop loss level, stick to the plan. No plan, no trade.
2)When the pullback comes, do you hold or cover??!! look for signs! I was constantly influenced by P&L, I had a few hundred unrealized but didn't take it and next minute it became a big red number so I refused to take it off and that was when the situation turned worse and loss became uncontrollable. Always have a plan and stick to it NO MATTER WHAT!!!!
-always respect what your body is telling you, I could realistically feel uncomfirtable in this trade and my inner voice kept repeating "please crack, please go down". The short at the very beginning was a mistake, when you were wrong, be wrong!!! there was no point fighting!!! Whenever I decided to fight, I ended up with HUGE loss! Don't fight!!! Trading is never about fighting!! Trading is never about battling!!! When George Soros felt back pain, he exited the position.
Following are the points I was influenced by:
-"It's not loss until you realize it". I allowed it to take control of me and ended up eating huge loss
-I told myself, "give it more time to play out" and I watched it geared farther away from me.
-I neglected the bigger picture, news, volume and shorted morning para based on my assumption that lots of resistance ahead of it and never would thought that these resistance would get ran over.
-I did see the volume was massive when it opened and thought about taking it off but didn't act quickly enough, it moved way too fast upward. I should have just slammed the offer and got out!
-Was thinly traded premarket and this one wasn't gapping up and para so there was no point to short at the very beginning!!!!!! think about it!
-had I used in combination of 1-minute, 5-minute and daily chart to trade, I would probably take it off due to the massive volume and trend holding action. I was staring at 1-minute chart and overlooked the bigger picture chart.
-I don't regret trading big, the only thing I feel bad about is not immersing into the chart and respecting what the chart was telling me and tiptoed to fight. I could CLEARLY feel no selling pressure there because it seemed difficult to cover and traded in the top 25% of price range most time. Why fight????!!! Whenever you feel frustrated, anxious, bad about trading, take it off!!! Do what your body tells you to do!!
-It reminds me of Monaco trader's quote on holding a cup of water, the longer you hold it, more exhausted and paralyzed you would be and it distorted your judgment, mentality, well being and action. Keep trading simple and short as much as much. Stop giving it time, stop giving it chance!!!! Eat the fucking loss and move on!!!
-You have to understand no single trade will make you wealthy or change your life b/c human have infinite desire and wants but only have limited resource. Doesn't matter how much you make, you would think it is never enough, you always want more!!! That's not just you but the nature of human being. However, if you let one trade gets out of control, it can wipe out weeks, months, years of your hard-earned capital. At the end you will forget about these trades, how much you make or lose on it. What only matters at the end is the result. Trading is the net game!!!! It's life long marathon. You want to be a career trader, someone has NO attachment to any single trade. Someone that stays in this game 5,10,20 years. What's the meaning for a trader that consistently made profit for 5 years-10million and lose it all at the end??It's hard to visualize and you don't know how you will react to it until it happens. Think about it!!  I know a lot of traders blew up today. Even one of the best traders Modern Rock lost. It's okay to lose! We are human being. We have emotions, feelings. You have to be aware of it!! Don't feel bad that you lost!! Treat it as an opportunity that you can learn from it so that you can avoid bigger loss in the future trades. Daytrading is the most difficult job when having days like today. But learn from it and try the best you can in the future. Remember you gotta be disciplined no matter what!! Cutting losses at predetermined level is life-saving action. It's not a choice but a MUST if you want to stay in this game. Will continue reading psychology book this weekend and try to do the best I can next week. Remember the sun will always rise, the market is always there, live to fight another day!

12/17_ATNM, RWLK, FXCM

-Refused to be FOMO so didn't pull the trigger even though I saw big seller at $2.50. It was already trading around 1.5m shares at that time and the momentum was very strong so I should have shorted at least some at $2.49 and left rooms of adding. Missed it, felt bad but nothing I could do but move on!

-Took my eyes off this one or I would buy it when it was gearing up towards HOD. 

-Took short into para in midday premature breakout and covered near the perfe

-Shorted FXCM 2100 shares with avg. $9.24 and swinging 625 shares o/n. Was trying to cover all at the end but didn't get filled. 

-Overstayed b/c I was looking for a big picture trade. 

-Frustrated b/c added to my position instead of took it off when it went against me and r/g but stuffed at $9.70 level. Was waiting for it to crack the support $9.50's the whole day but didn't get it. Gave it too much time, stared at it the whole day when I had too much other work to do. Couldn't help it. 

12/16_JRJC, ACST, ENPH, FXCM_#Almost got killed today

 -the day started with easy trades on JRJC & ACST and I was up nicely within the first half hr.
-Left money on JRJC but I did the right thing, worried the former runner got crowded.

-Because I was up nicely so I became careless on my 3rd trade and I let my unrealized loss get way out of control. My original plan was playing $3.70 risk level because I could spot it on daily chart. I sized in early @$3.68 and that wasn't the problem. The problem was adding to my position instead of  cutting my 1st position at risk level. Then instead of playing $3.70's risk I decided to play $4 risk level but again wrong!!! It blew over $4 and went straight towards $4.50. At that point I was holding 5300 shares with avg. $3.82 and down $3600 unrealized. I was feeling very uncomfirtable at the peak but luckily the pullback came and because holding full size at bad average and worried about secondary spike so I took nearly half of position off. It kept going down so I took the rest off b/c the bounce was due. At the end I walked away with $300 loss. 

Lesson:

-The perceived resistance is NOT valid resistance unless the chart proves it. 

-When the stock started spiking after the consolidation, do NOT underestimate its spikability!!! Wait for the signs of weakness to size in. 

-Even though I knew and said this a million times, "always cut your position at risk level"!! but I didn't do it which led to my next mistake: adding position close to my initial entry price which doesn't change the average much so what's the point of adding???? The reason I added was I thought $4 was valid resistance so once again I traded on my assumption/opinion instead of what chart was telling me. This one was supposedly a killer trade but I screwed up and ended up taking loss. It went to low $3's later but I didn't regret my exit b/c it was mistake entering position in the very beginning and the average was bad so I decided to take it off and wait for next opportunity. 

-I don't care whether make money or not at the end, $3600 unrealized at one point and risking blowup is NEVER a healthy trade!! please please please learn b/c next time it can go to $5, $6, even $10. Do not let one trade take you out of the game!

-I didn't traded it but the reason I posted it because there are tons of lessons out of it. 

-was short biased from the get go but didn't short because the volume was thin the whole time- traded less than 1m shares before 2pm. 

-Bao lost money on it so I believe lots of other big traders lost as well. 

-As conclusion: thinly traded+SSR on is NEVER a short!!! always wait for the BIG surprising pop with huge volume to short into! Learn from it!

12/15_KTOV

-KTOV announced positive news early morning and it was up 50% premarket but essentially the news is about using one drug instead of two for patients. John Welsh made a good call on Twitter that further adds weight on my conviction. The warrants are also producing negative effect to its price. Putting these fundamentals pieces together, my plan was shorting para in the morning. 

-shorted 1k shares premarket and covered as part of the plan b/c I wasn't going to hold it into market open no matter what. 

-it started spiking when market opened and my initial entry was $5.58 risking premarket high $5.60 over/under and it started collapsing after my 1000 shares was filled and I was ready to add into the pops followed by that. 

-I added 1k shares at $5.30 and covered some at the bottom and added 4 times into the subsequent pops and ended up holding 3500 shares with avg $5.18. The super big spike after the open leads me to believe it could fade wholeday but at same time I was aware that it could do AQXP, CRBP type of move so I based my risk at $5.20 level. So if everything goes as I expected it shouldn't go and stay above $5.20 and I was dead right and covered into the washout. Overstay got me into trouble yesterday but on hindsight I should have overstayed it b/c it was going my may!! at least leave some position open but I didn't and by 10:15 I was already up $2200. 

-I had conviction it could close near the LOD or even below it so checked back into KTOV at 2:00pm and big volume explosion got me shorted it again and adding position at higher level and ended up holding 3000 shares @ avg. $4.66 with risk $4.70 over/under. It did exactly what I wanted and covered my 2nd half of position before market closed b/c spotting big bidders and made $500. 

-EOD made $2700 but more importantly I traded it big but well, was aware of the risk, being disciplined the majority of times and nailed it. 

12/14_FXCM_Blowup trade -$1400

-had nice 2 weeks run but let one trade took away all of my last week's profit
-Problem #1: took a huge position and ended up holding 3100 shares with $8.09 avg.
-overstayed and wanted bigger crack but didn't get it. Was down $1k at the peak then up $1k at one point but didn't take it and being greedy and turned a winner into a loser.
-Same mistake as ITEK short. After it touched $7.60 I remember I told myself there is no reason to cover and at that point I did right thing not covering but the wrong thing I did was refusing to cover when it was holding above VWAP, consolidating with higher lows for more than an hour. The main CAUSE was I was impacted by P&L. I had $1k profit then an hour later it was breakeven and I was angry and wanted to turn it into green again so kept holding. The main problem was I didn't respect the chart was telling me and letting my emotion guided my action. Trading big is detrimental!!!!
-I was immersed into it, looking chart, lvl2, T&S and I didn't see much selling!! if no one wanted to sell, then why refused to cover??!! Had I traded small, I very likely would cover. Position Size's importance is overlooked by 90% of traders out there!! Please be aware of it!
-Also was very much influenced by MNGA and BPMX on Friday and thought it could crash. Always trade what you see, NOT what you think!!!!
-very frustrated, stressful, angry at myself...whenever I took huge loss I asked myself, "should I quit".
-My company will relocate in 2 weeks, I don't know what I will be doing then. I feel sorry to my mom and dad. There are so many times I've wanted to tell them how much I love them, how hard I worked and how sorry I am but didn't. I don't know if I should continue to do this. Maybe this is not right for me. I don't have the answer. But the ONLY thing I can do now is hanging there and keep trying.

Lesson/Takeaway:
1) it's okay to trade big but NEVER hold big position for too long, it influence your judgment and action, when it is consolidating with higher lows, ALWAYS take it OFF!!! why fighting??!!!
2) 2 aspects of Risk Management: 1)taking loss at risk level. 2) when the stock doesn't reach risk level yet, know when to take it of!! Live to fight another day! Either NAIL or BAIL! why flip the coin?
3)Strive to be a good trader. At the end of day always ask yourself are you a good trader today?? A good trader is not rated by P&L but how close he/she adheres to the rules and how disciplined he/she is!!!remember it's never about the money!!! it's about the RULES!!! trading is marathon, not sprint! At the end, trader who follows the rules survives.
4) If short, ALWAYS cover if consolidation with higher lows lasts more than 1-hr!

12/11_MNGA, BPMX_didn't have the ball to pull the trigger and ended up missing out BIG

-traded it cowardly today and didn't have the ball to get on board before $2.50. Even after saw the ridiculous tweet by its CEO on its market cap surpassing... WTF was I afraid of??!!

-I saw insanely huge orders sitting on the offer but didn't short it, WTF was I doing??!!

-The reason was I over-thought it and complicated the situation, there was nothing there but I was just too cynical and scared and thought it was a trap. 

-the risk-reward ratio on this trade was SUPERIOR but I screwed up again...sighing.....always remember!!! trading is not risk vs reward, do NOT ever let emotion or opinion influence your action!

-Same mistake as with MNGA. Saw the big seller @ $2.60 but didn't do anything. I hate missing opportunities!!! Please learn from your mistake!!! You don't have much time left, You can't afford missing it anymore!!!!

12/10_LIVE, INVT_Be fearless but NEVER reckless!

-Again too scared to short into morning parabolic and wishfully thought it could touch $4. 

-Neglect the appearance of big sellers on lvl2 and sign of reversal. 

-Had I been fully immersed into it, I would short @ $3.20 risking $3.30. 

-After went through a lot and tons of bad memories I've became scared and coward

-But I know that i am doing the right thing: this one is never an over-stay short because it was a breakout from 2 days ago and slow steady runup and heading into midday the trend will very likely hold. Yes I left money on the table but because I didn't have decent avg so I did the right thing by covering.

-lot of headaches, frustration and confusion lately. Did right things and wrong things but thankful that overall I traded it well and stepped out profitably. 

-Now take an in-depth look, the 2nd and 3rd shorts were straight forward, after saw the signs of reversal and big sellers on lvl2 so I shorted risking a few cents above my entry and 2nd lvl resistance being HOD. But like I said earlier this one is never an over-stayed short so I treated them as scalps. Was actually looking for a bigger pullback but didn't happen so got out. 

-Left money on the table but I knew I was doing the right thing because the trend was holding the wholetime and stubborn shorts can really freak out by covering. The staying power of it at that moment is strong so from the big picture view I was long biased. 

-Ideally I hoped it would consolidate 1-2 hours and breakout after 2:30pm so I went to lunch and came back and saw it already broke out the morning HOD and hanging around there. Then the interesting part came which reversed my bias from long to short again: yes it was a breakout but the momentum stopped from there. In my opinion if the breakout was valid it should keep pushing but didn't. On the contrary it was showing the weakness there(red candles and failure to resume pushing tells me that it could be a fake-out breakout) but I didn't short it: I once again neglect the message chart was sending me b/c I was scared shorting breakout then BOOM~ big red candle put every breakout buyer in red zone which reinforced my short bias so I shorted it again anticipating big washout but didn't happen so got out quickly. 

-Just when when I gladly thought I got out it made one more push towards HOD but failed to top out so I shorted it again which was the WORST short of the day. I chased it down thinking all the longs bought it hoping it running can freakout and sold just like yesterday but was wrong and didn't cut my position quick so took a loss. 

-Then it started running again and I took a speculative long anticipating big ass $3 push. Then yes the push happened but not exactly what I wanted. Big sellers kept popping up on lvl2 and the push was weakening so I sold my long in the $2.80's and that was one of the BEST sell. 

-Now given the fact push failed so I became short biased again and shorted into the weak bounce but strangely it was just not breaking down. It seems no one wanted to sell so I covered and closed my platform and called it a day. 

TAKEAWAYS/POINTS:

1)constant reassessment is not option but requirement. No bias and keep stop level tight!

2)pay close attention to chart, lvl2 and T&S to gauge the movement. Long/short-always keep stop out level tight or close to the entry. 

3)respect the message market and my body sent me!! Gladly I turned stress into opportunity today. 

4)as long as trade small, remain disciplined and cut losses quickly, how could you ever blowup??!!! After one and half years of trading and have finally realized "cutting loss at risk level is the KEY to success"

12/9_PIRS, GLBL, FSNN_STOP FIGHTING! there will always be opportunities out there!!

-bought it before the market closed yesterday and looking for a gap up but didn't get it. 

-being undisciplined and refused to take it off breakeven/taking loss and hoping it will run. 

-in yesterday with avg $2.80 and out today @ $2.70, bad trade.

-ended up breakeven but good trade. It didn't do what I wanted so cut my position and move on!

-keep it simple, traded on reaction NOT anticipation

-Was busy fighting with PIRS and overlooked such ridiculous spiker. 

-Shorted it immediately after I saw afraid of missing out. With bad average I covered without hesitation. good trade

-Another profitable trade but I chased it a little bit. 

-It's got tons of resistance up there but volume recapitulation got me scared to short because frankly I didn't know how high it could go. 

-then all of sudden a huge seller order put every breakout buyers in red zone but again I remember what happened yesterday so I was scared to short even though $3.70 acted as solid and strong resistance. It was afraid this is a trap so I couldn't pull the trigger. 

-Then It started round 2 massive selloff and it went from $3.70 to $3.20 which breakdown the morning support and hanging around there and I started to think everyone who bought it were in red and it was getting to the market close and they will very likely panic. So I shorted it @ $3.26 risking $3.30 over/under. Got what I wanted and got out. Good trade, good analysis. 

BIG TAKEAWAY:

-I remember what Nate said, "You never know what you would do until faced with real situation." I was actually thinking to buy it when $4 held but my manager was behind me so I didn't. Thinking back why the hell I would buy it when it attempted to breakout in midday. 90% of times premature breakout failed statistically. It also display the signs of weakness which objectively I should better know the top is not far. On hindsight yes I should have shorted it b/c 1) it was midday premature breakout with tons of resistance and 2)the weakness are seen. please please learn the lesson! Remember when the stock takes off, it's never a LONG!!! shorting is a reactive approach and allows me to remain consistent. 

12/8_TXMD, ONTX, AEZS, GIGA, BONT, PIRS_BIG LESSON!

-knew that I am not good at trading a stock with 130m float and avg volume 1.3m so I chose not to touch and even look at it BUT turns out good buying opportunity into morning weakness and shorting morning double tops. 

-the price is too low for me to trade on ST because of the ECN fees and limit of my buying power. 

-Fairly easy trade by shorting into morning pops and cover into the dips. 

-the market's slowness continuing into today as evidenced by today's small caps. 

-AEZS and GIGA were both former runner that crashed hardcore the past few days and today it started to bounce. 

-the reason I didn't short AEZS was because it was steadily moving from red to green and only up nearly 10%. the ONLY reason for me to short is into morning emotions

-GIGA was disappointed because I thought it could run a little higher but didn't. Now it was holding above VWAP and starts to gear so I won't touch it. 

-BONT is similar to AEZS. the Momentum is just not there. I hoped it could make secondary spike for me to short into but didn't and it was damned weak so I stayed in cash and NO trade. 

-How terrible I traded it, was bored and desperately wanted to trade so jumped on it too quick. 

-But the biggest mistake was again never my entry but how I managed the trade, I didn't take it off when it hit my stop loss. PLEASE PLEASE PLEASE learn from this flaw because in the future the loss can easily become 10x, 20x bigger!!!!!!!!!

-large cap is tough to trade and extreme choppy. 

-my first short was initially due to responding to the weakness and lack of buyer down below. But this thing bounced back and I cut my losses quickly. 

-the second short was again anticipating it will washout and I got it but again tooooo choppy so got out and lost a little on net of both trades. 

12/7_ATV, XBIT_Poor Risk Management!!!

-Scared of touching it but tried not to let emotion influence my judgment and action. 

-shorting into the pop in the backside of the movement with set risk($10.50) is considered good trade. 

-a lot of headaches and frustration on the front side shorting and at peak I was down several hundred, very poor management of trades. 

-initially I shorted with stop loss @ $12.50 but I let it blow over it without taking it off and that's mistake #1. 

-in this case it went to $14 before the pullback BUT in other cases it could go to $15, $16. So not taking it off is a stupid idea. 

-Didn't get shaken-out and did right thing on adding short on secondary spike risking $14. It wasn't an emotional short, the 2nd and 3rd short was based on the fact that momentum sped up and green prints

flashing on Time and Sales fast so I could tell it was shorts panick covering. 

-Got out my entire position on the pullback because it was still considered the front side of the movement considering the volume-2m traded, time-11am, and steady rising instead of emotional moonshot and of course my intuition and experience. 

-after closing my position and I took the short again because the stock didn't have meaning pullback and $15 seems an important psychological level, so what I did was shorting in the high $14's with stop loss $15 and that's not bad but the problem was it blow off $15 in a big green candle and started to speed up. In 2 minutes I was down $1/share on 400 shares and that's not ideal. Now the decision I faced was a)eat my $400ish loss and get out or b) reshort. I tried to remain calm and partly was due to reluctance of taking the loss but after so much I had went through in the past and I knew what I am doing so I took shot and reshorted it risking $16.50 and luckily I was right and it did pullback $1.50 but that's not considered momentum shift, it's still the front side. But I was holding 700 shares position with avg $15.43 and risking HOD $16.50 so it was a bad trade at that point b/c my risk was far out of my desired/planned but I had no choice. at peak I was down more than $700. Then finally I covered due to the momentum was still on and I was holding big position with terrible average. Then right after I covered, it washed out by a big ass red candle and i was like WTF but I don't regret my cover, It was a bad trade from the beginning, what's the point of holding and wishing for turnaround?

-I believed lots of longs would freak out as soon as they saw the big red candle and shorts would start jumping in because they saw the confirmation!! the former support was already cracked!!!

-I was thinking to short very much right after the crack but hesitated and couldn't pull the trigger because I knew this one is crowded short, John Welsh and some other traders tweeted about it so I kept watching and I saw the there was still momentum on it so I decided to do nothing but continue to watch. 

-this is the interesting part, the HOD happened in the midday  and through out the rest of the day, It made a few attempts but just couldn't breakout(as indicated by the "lines" on it). In the past I would buy it anticipating the HOD break but this time, with combination of level 2, times and sales and chart, I saw the weakness and thought it could really fall of the cliff because from the big picture view, it was actually making lower highs since the HOD and volume was fading. So I shorted and nailed it and later it dropped to low $13. Profitable trade but perhaps I should have added to my position.