4/29_NUGT, DRYS, BCEI_ETF fucked-me-up-Day

The day has been filled full of frustration, mistakes, and losses so I took a small position at it. Adding the way up and ended up getting out $200 green. But then it looked gold future was getting weak so I reshorted it anticipating the wash, didn't happen and here comes the problem!! Instead of cutting the position, I added to it!!!! The same mistake I have been making over and over again. Instead of cut everything out, I added!!!! Then the problem got snowballed b/c it went against me and I had no price stop loss in my mind and kept thinking last time it did a big wash near the close so I gave it a hope to the closing hour but man that's a fucking dangerous way to trade, what if it went from 113 to 114, 115, 117, or even 120???? why the fuck I didn't consider that possibility??!!!! B/c I took a huge $60k position, my emotion got very intense and I heard inner voice kept repeating please wash, please wash, etc..... Then finally the pain reached the max I bailed myself out. Price and time stop loss order should have been triggered already!!!! Why fight??!!! Why hold and hope??!!!!!!

0 regret about my short BUT when it was starting to base above VWAP I didn't take it off then just slowly slowly my loss got snowballed and finally pain reached the max and I emotionally covered near the top. Totally avoidable had I remained conscious and be discipline by just cutting it off and reassess.

Emotional chase but glad it worked out at the end. Bad trade!!!

4/28_SRPT, CLF, BCEI, DHRM, DRYS

Killer setup, down big and last 2 days were going pretty flat and Adam F tweeted something positive in the morning which fueled SRPT. Took a scalping short risking $14 and got out at the bottom. Going against the trend, scalp treat it as a scalpt. When target hit got out, move on.

Saw higher lows so got long premarket risking $4.65, it's got catalyst earning and iron ore section is hot. I anticipated morning para break above $5. Saw absorbing after market opened so added to the position. However I underestimated its capacity so I got out at $5.30. About half hr later I saw it was speeding up when volume was pouring in so I shorted but didn't workout. But I was proud that I scaled out when it didn't work given higher base and time stop loss triggered.
I should have known that market was bullish on it and there must be lots of people have taken position and maybe intended to hold it o/n for gapper. So I should have the thesis that since this ticker drew in lots of bulls what would be the signal that they see which can cause they panic by selling??!! Same as when  you buy for squeeze, you gotta ask yourself, "if i was short, at what point I would freak out and cover." Putting myself in market's shoe and think from their perspective!!!!!!! the Point comes when it breakout the previous 2 tops but got stuffed and failed to breakout HOD, at that point, bulls got disappointed and would say, FUCK, Imma out and selloff started from there!!! AAPL, SPY, XLE.at that point started washing which pushed CLF down much further.
Therefore it's important to look at the chart and form a thesis and wait for the confirmation then pull the trigger!!!! Ended up leaving a lot of $$$ on the table!!!! I had an amazing day and got tired therefore not paying attention to it. Shoulda woulda coulda off....

Proud of cutting my entire position when it started basing at relatively high level!!!
Then saw the momentum was reducing and looked like about to shift so reshorted it. Nailed the dead bottom!!!!!!

Didn't trade it big size for 2 reasons: <$3 eats BP and it could have gone wild and go to $3.
But looked like the buying ceased so I took the short at $2.76. One important question to be asked, what if it kept going, honestly I don't know how I would react to it!!! Like Nate said, " you never know what you would do until you were faced with real situation." Even though I told myself that if it continued going I would cut my position BUT if it went para I would hammer at $3 at bigger size and looked for exit on next pullback.
Compared to my downfall yesterday, I enacted patience so I nailed it!!!!! Never EVER get into the front wild side of the move, avoid being early at ALL COST!!!!!!!!!

Same as BCEI earlier, PROUD of my trade!!!! Whenever saw basing always cover!!!! BUT this bitch tricked me so I should have reshorted massive when the breakout turned out to be stuffing. Remember I said earlier, always have a thesis/mental picture of how stock should have traded and reaction to each scenario. Like MR said, "you have to reach a level where you don't think you just react."!!!! But always have a plan and consider all possibilities before hand.

Market volatility enlarged 1hr before the closing and all the energy&oil stocks started trading along with ETF!!! SDRL, BCEI, SM, DNR, CLF, FCX, etc started retraced!!! I don't know whether it was the beginning of the resuming oil downtrend or just temporary consoliation/shakeout period. will see tomorrow. This is the part commodity stocks are hard to trade b/c it moves with the market! There is no way you can guesstimate it!!!!

4/27_LGCY_-$4K, FOMO trade!!

-subconsciously told myself to step up the game after being hot for 2 weeks so I intentionally increased the size.
-the size wasn't the main problem. The main problem was sizing in too early and too big!! I threw 4000 shares at a time. The first short was at 9:33am and after saw the stuffing action I shorted another 4000 shares at $3.30ish but it kept going against me. At the peak of the first spike I was down $3k then I saw emotional long wick candle so I shorted it again. I ended up holding 15000 shares at $3.33 and the good part was I covered 1/3 of it at $3.27.
-Now after my first cover here came the problem....it kept going against me and instead of covered I shorted again and once again I only covered partial. Then It did HOD stuffing and I thought finally but boom it continued trending upward. I ended up holding 15000 shares at $3.44 average. At the top I was down $7000!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Thank GOD it didn't go to $4 otherwise I would blow up my account but still got liquidated and I covered the rest slowly feeling it was extremely crowded.
4 mistakes:
1) in the position toooooooo early and tooooooo big!!!!
2) refused to cut the entire position off when holding bad average.($3.34 and HOD is $3.60)
3) I talked about Price-VWAP deviation!!!!! Why did I short twice when it was merely slightly above VWAP!
4)Volume!!!! Auspex said shorting on low volume=Suicidal!!!! Couldn't agree more BUT why did I do the exact opposite!!!

Then I did a revenge trade on it getting long with average $3.57. I was going up and down, up and down the whole day. Not the typical trade I would take because it was due to emotions and recouping loss mentality. Gladly it worked out but definitely must not do it again!!!!! Bad trade!!!!!

4/26_SEED, NVIV, SRPT_Liquidity Lesson but GREAT trade on SRPT

Correct read, good trade, nothing to talk about.

2 mistakes!!!!!!
1)didn't cover when saw higher lows.
2) shouldn't hold short too long when liquidity isn't there(thinly traded)

Did 3 trades and all were green!!!
1)1st one good, took advantage of emotions but should have gone a little bigger but yet again this one is legitimate and popular company. Things could got complicated. My edge and size has been focusing on retail flocked tickers not something that traded 30 millions shares a day and got all bio experts, analysts, investment backs, hedge funds involved!!!!! Yes I still trade them but ALWAYS watch for size!!!
2)2nd trade was at $11.05 risking $11.00 over/under. Pullback and based on VWAP so got out. No fight!
3) $11.48 was HOD and it pullback and reclaimed and did HOD push BUT failed which tells me that $11.48 was the peak.I saw the stuffing action at $11.40, $11.50 and MR tweeted shorting it which reconfirms my thinking so I shorted 1000 shares at $11.36. When it snapped below $11 I told myself, "if it reclaim $11 I would be out." and it happened so got out.
The reason 3 trades were classified as "good" trades not because the money BUT because all three trades didn't workout but I managed and traded it appropriately. Yes I went against the trend and strength but I had a plan and stuck to it!! I am not who I used to be!!! 

4/25_LGCY, MCUR

Not much of regret trading it due to the fact that ST fucked me up on execution of the trade. I noticed that I got filled 100 shares at $2.72 after I put in order to short sell 3000 shares at $3.00. Then again ST executed at $2.80'ish after I entered order at $3.00. Twice in a row!!!! I tried to manage the trade the best I could by covering partial and ready to readding at higher level. The only fault I had was emotionally covered half after the momentum had shifted. That was a very emotional action and could and should have been avoided!!! But overall I did okay. Feeling it is too crowded therefore I covered all.

Didn't pull the trigger when it reclaimed VWAP and held above it but it cracked the support so I chased it aimed for late day fading action . There are a lot of meat on the bone and I trusted the daily chart. Got what I wanted and exited.

Was anticipating for $2 para and I funnily I put in order at $2.02 but it peaked out at $2.00. Shoulda put in order at $1.99 but well...I chased it a little bit and ended up shorting 2500 shares at $1.94. Covered a little too early but well no dice. Had loss at that point of the day so turned it to green.

4/22_PARN, NGL, SRPT_Fearless but NOT reckless!!!!!!

A lot of red flags on this company so I categorized it as turd initially. With that said doesn't mean trash can't run. History tells me that don't estimate trash's spikebility. So my plan was shorting into morning emotion move. Was patiently waiting to see the selling pressure took place and saw it. BUT the only problem was didn't short big enough. This setup is tough to play size b/c it's very jumpy. You can't wait till the price action to act!! You must put in orders with mental stop loss at some point. As result I only ended up shorting 2000 shares at $3 and ready to short at higher level but didn't get that. Shoulda put order in before the price action took off. Another lesson learned! This is a failure as I repeatedly said "if I could have made $5,000 but ended up making only $1000, it's a failure."
SIZE THE FUCK UP!!!!! Fearless but not reckless!!!!!

Thanks to chatroom and the moment I saw someone's post it was spiking and I quickly brought up montage and chart. Saw the selling pressure at $16(long upwick) and aware of FOMO so I stepped in $1 later and ended up shorting 400 shares with average $17.05. Got squeezed a little bit and honestly I was shorting risking $17 over/under. So if it kept going I would short more but boom a big red candle which is clear signal of momentum shift BUT I didn't add to my position. Again Coulda made more but didn't. But I didn't right thing because I saw reclaim action before so didn't want to lower my avg. The only part was shorting a bit too small. Everything else was good.
Midday had a chance to reshort but again didn't pull the trigger because GNCA was on the back of my memory and the price action looked consolidation to me instead of stuffing chatroom talked about. This is one of occasions that hard to distinguish consolidation from stuffing. But taking time element into consideration and VWAP reject it was classified as "stuffing". But that signal came too late and price moved too fast it's hard to react and execute. Was just being wrong in this case so didn't do anything. and missed $1 drop.

prefect short risking $16 over/under. SSR is on and I am proud that I didn't chase. only short 400 shares b/c I remembered CXRX did break above HOD so it could also do the same thing. Next time should sized in bigger and if it breakout and started to base just get the fuck out. It's easy said than done. I guess that I am not used to trade large size yet. I am still in the confirt zone that I need to step out. And I let fear took over and didn't want to ruin a good day.

I am proud and grateful that I was able to keep green for the entire week BUT I didn't do the best job and maximize the opportunities and profitability. So NO.1 goal for next week is sizing up when the setup present itself. Remember: fearless but NEVER reckless!!!!!!!!

4/21_BCEI, ALIM, CEQP, CPXX, TRXC, UNXL-2 BAD trades!

Had conviction and confidence, monitored XLE, XOP on the sideline, took huge position and nailed !

Bad trade!!!! Broke 2 rules:
1) took short position when it was thinly traded premarket, RATHER missd it than touched it!!!!!
2) When it was gearing and trading near the pre-market high a few minutes before the open, didn't get out and thus got squeezed
At the peak I was down nearly $600. Thing could get a lot worse!!!!!!!There is always price when I break the rules

MR shorted it at $3.85 but I missed it. Didn't have a plan when it was time and ended up shorting into rebound into $3 but covered too early. Shoulda give it more time!

CPXX must have 9 lives. Did the right thing shorting it risking $16 but didn't workout.

Mid-float pump finally crashed in the after-hr session yesterday and today it washed out after the market opened before made 100% rebound. Didn't trade it but this case tells me that there is always opportunities in the market. I bet no one ever thought about buy it and the whole world already knew it is a scam so no brainer short but maybe shorts got too aggressive plus momentum chasers stepped in which created the massive squeeze. Always think outside the box!!!!

Almost made the same mistake as on AVXL and VKTX. Was thinking to buy it into midday VWAP reclaim and HOD push. I put in the order but didn't get filled and I questioned myself and canceled the order. Again it's one of those occasions that you let stupidity take over you for no good reasons. This is never a long especially considering 5-minute 5 days chart. It is over-extended!!!!! The ONLY time to buy it is waiting for AT LEAST 2-4 hours quiet consolidation otherwise always remain short biased and short into pops!!!!

4/20_ONCS, CLMT, PLG, EXK_how to trade large cap commodity play

Main gainer, no headache, no frustration, ez trade

Dead cat bounce and found its base at higher level so got out, should size up bigger

Tough to trade these large cap, precious metal plays. Just plain confusion and didn't know with confidence which direction it would go. These traded different from small cap, energy/oil play, and ETF like NUGT. I followed the simple TA by shorting into emotional Day2 spike and anticipated fading but didn't do what I expected in my desired timeframe so got out. Shadkin said if the play is above VWAP after 11am meaning its relatively strong, so don't fight. But apparently it only works for small cap. Large cap are different bests. The RIGHT thing to do would be keep watching them and see how HOD was tested and what happened after it was tested. In both cases, it turned out perfect HOD stuffing action and selloff from there!!!! I was 3 hours earlier!!!!!!! Timing is the KEY!

4/19_SGYP, ETE_Another Lesson.

Good trades but played wayyyy toooo SMALL!!!! this ticker is liquid so gotta play big!!

Exactly right but got scared b/c it's energy/oil play so can't predict where XLE, XOP moving direction. Got scared and from the very beginning I was just not focusing on these commodity plays. Shoulda woulda coulda.... trading is all about risk and reward. When Energy was up big yesterday and go para today and these trash went up big with great price VWAP deviation in the early morning, YOU SHORT IT!!!!!! no question should be asked!!!!!!! with set risk of course! It's actually easier to trade these large caps b/c they don't jump around with big emotional candles, trading them is much smoother than small caps, you can really exercise patience and work on entry!!!!!!

4/18_CPXX, HERO, ETE_Big-Hit-Day. Wake-up Call

At one point I was down nearly $1500.
Looking back I don't know why I was starting to size in when it was up only 5% and adding all the way up to the moon. This is not emotional play!!!!!What's the point shorting early & big??!!!! This is one of those occasions that you just do the stupid thing for no good reason whatsoever. It happened and will happen again in the future, just recognize it and get out!
Because of early entry, I got caught up in rip-pull, rip-pull type of scenario and failed to cover/downsized!!! The main reason was  lvl2 action tricked me b/c every push was weak and seemed like stuffing cus I noticed big offers got hit and ran over. Maybe those were smart shorts knowing what would happen an hour later.
Secondly I failed to cover into the big red candle panic b/c I had VCEL on back of my mind so I thought it could go much further. Again I let my greed got me in daytrading!!! Whenever see big up on p&l always always take it!!!!!! Never should ask for more!!!!! I am very fortunate that I got out this okay but things could get very nasty! Won't do it again!!! discipline!

Took another short in afternoon squeeze action knowing lots of ppl shorting it from chatroom and twitter and now they must be busy covering and this is when I short, taking advantage of panic but again, I shorted and it failed to go down and I refused to cover. $16 was a line of sand and I knew that It should snap and stay below it otherwise I should get out. I underestimate the power of squeeze and it kept going and I covered partial near the top and reshorted it and had good cover in the end. Made money but man!!! this is tough and unhealthy way to make money. I once again threw discipline away!!. I even told myself to cover if the pullback was weak but I just let it grind against me without taking it off. Afternoon squeeze is more powerful than morning b/c it trapped shorts the whole day. Just think about GNCA!!! it could do ridiculous shit!!!!!!!!!!! Avoid short tooooooo early at all cost or even if I short early, just get the fuck out if it fails to go down!!!!

Bad trade, shouldn't have traded it the first place due to very low volume-300k shares.

Should have given it more time since the momentum has shifted but his is large cap and oil play so it could get nutty.
Tough day to start the week. I went from $1500 red unrealized to green then back to red then finally settled at green. whewwwwww... frustrated b/c the tickers I traded failed to do what I wanted. Midday trading is difficult b/c it could go much further than you ever thought. I spent the past two days refining my trading techniques and strengthening my mentality but today's action got me hit a brick of wall. Market is a bigger beast than you ever think. Remember doesn't matter how smart you are and how much work you do, sometimes or I should say perhaps many times you are still wrong. Yes you will be right at the end but trading is real time. When you are wrong at entry price and timing you are wrong!!!!!! period!! admit it!!!! get out and reassess!!!! Today I was wrong twice but didn't get out and kept adding to losing position. I could blow up my account by doing this. Intraday trading is not about big picture !!! it's about hit and run!!! you go into a trade with thesis including target and stop out level and take profit when it hit your target and get out if stop loss price triggered. Do this over and over and over. You will survive and profitable in the long run!!! Today is a real waking call for me in trading!!!!!! 

4/15_PTCT, ORPN, GBSN

The biggest takeaway here is "Do NOT short when the volume is low". The subsequent squeeze was caused by early FOMO shorts covering. As Auspex said, "shorting with low volume equals suicide." Couldn't agree more!!!!

missed $10 para so didn't have an ideal avg and the first cover was due to its staying power.
I chased the 2nd short b/c it looked like about to crack but again bids down there were absorbing nicely so covered.
The 3rd short was a very risky move. It was going up too smoothly and it was not even 2pm so to me it was premature b/o and there must be lots of chasers joined it and the momentum seemed to slow down so I shorted but again it just couldn't go down as expected so covered. Frustrated but I managed 3 trades well.

Neither 5 nor 4 star setup and it was casino trade. MR tweeted the move was caused by REG SHO but I didn't know that. I would short it if I could. Always focus on reactive trade rather than proactive!!

4/14_RPRX, DDD_FOMO Day

Due to FOMO so ended up having $3.15 avg. Roller Coaster ride especially having small account with ST b/c it became untradable later so tried to be patient and gave it time to workout. Every time it dipped below $3 it ramp straight up. Time stop loss got triggered and got out. I was proud of my management of the trade for 2 reasons: 1)didn't cover into panic b/c I knew that fundamentally i was right and stuffing action I saw 2)covered when $3 was absorbing and held for very long. And even lx21, MR, d4 covered it so I am happy that I made the same decision these pros made. Big improvement!!!

FOMO trade if without RPRX it would workout. The main reason I covered was releasing BP it withheld so I could add short to RPRX.

4/13_FELP, MBLY, RPRX, SM_Cautious when trading commodity & large cap!

On the right track but shorted too early. Timing is the key!!!

Terrible trade. Was trying to the pick the top and ended up having terrible avg. This thing moves with energy&oil sector, with XLE, XOP, USO, WTI. So tend to be patternless. Always wait for the confirmed top(higher lows) before sized in!

Citron Bashed it so started shorting $40 risking it over/under. It worked out so added to the winner and the problem came. Large cap stock is toooooo choppy therefore you should NEVER add to the winner!!! Just nail it and move on!!!! don't look back and forget about big picture idea.....There's no such thing as big picture for these large caps!!!!! Not my style type of trade b/c i am not scalper, I look for bigger idea trade...Should avoid at the first place but good lesson on trading big boy!!!

My only gainer today due to lack of volatility and liquidity. Good cover b/c bids kept popping up