3/31_GNCA, GBSN, LEU -$1500

Good trade, covered and moved on.

Was focusing on LEU so missing the morning para and today is reverse split date. Exercised patience to reshort it at $6.79 but ended up lost a little it refused to crashed.

ST platform was running problem on shorting this morning so couldn't short it so I was pissed. Then I guess a lot of people were happy shorting it in the morning started hitting hard wall

Took a huge hit on it which wiped out 2 week's hardwork. This chart tricked everyone who shorted today and I am a human so I am part of it. This is the pattern that didn't work in the past but workout today: tons of resistance overhead but still run over it.
No regret shorting this thing on my first 2 attempts but the problem is I only cover half of my position right after my 2nd short and let the rest ride. Whenever taking short position but it consolidates instead of pullback big, Always cover! Not partial size, do full size b/c you never know how things will turn out!!! remember LEI??!!!!! The arrow points to "danger sign" when I should have covered ALL because it already tells me that my theory is wrong!! Then the same mistake I repeated on my 3rd short attempt, again didn't cover but wait to see what will happen and that is a fatal mentality and action for daytrading!!!! It means that you don't respect your plan and stop loss, it means that you throw a dice instead of play by rules. my pain gradually elevated to the point that I eventually covered. If I was a year ago I would probably keep holding it and praying it to come down.
This is the toughest part in day trading, you can be right and profitable 2 weeks, 6 months or even 5 years but if you let one play wipe out the money you made throughout the entire period then what's the meaning of it????!!!!!! come on you have to sit down and think about it!!!
the market is dynamic place, what worked last week may work the opposite way today!!!! therefore the ONLY way to survive is being disciplined and stick to the plan no matter what!!!!!

The essence of daytrading is not maximizing gain, not sitting on open position, not giving it time or whatever, the ONLY right way to daytrade is hit-and-run. Sitting on cash is the safest and waiting for opportunities! Reduce risk exposure to the max!!!!!