10/31_GRVY, INTX

EZ trade, no headache.

0 regret taking the short but when it failed to go down in 1 hr should have at least covered half. "Time stop loss" should have been triggered!!!! I kept telling myself it was still acting correct then boom big volume and price surged and I did the right thing by covering.

Here comes my 2nd mistake. I saw consistent volume so I longed it. That wasn't the problem. The problem was when it failed to break above $11.20 and stayed above it I didn't cut my position. Essentially I didn't respect the price action. And my position size was way tooo big!!! I had 4k shares and the avg was $11.10ish. This one is not easy trade for sure. I got me. Those long upwick should be the indicator telling me to get out but I chose to ignore it. Could have taken smaller loss. And I held it thru the bottomless dropping b/c I didn't want to sell it into the weakness but instead it kept getting weaker and lower....Finally I realized...SHIT I was wrong!! but too late that the loss had already been incurred. Glad I didn't panic selling but waited for $11.50 VWAP test to get out and turned $2800 loss into $1800.
Finally the end of this month. I ended up making $18k net this month. But it's not about the number. I felt I started trading better later after taking "relative volume" indicator into consideration. But it doesn't work 100% of the time. Starting tomorrow, just do the basics, one trade at a time, cut the attachment to p&l and really think of all possibilities before each trade. Expect unexpected and made plan for it. Had I done that I could have nailed SAEX on 10/25. 

10/28_GRVY_turned $8k into $2.5k Day_lots of mistakes and lessons

Started the day awesome with perfect short after seeing stronger relative volume

BUT...for mental reason I sold my long position when it was still grinding and flipped short. Ate $5k loss there. Glad I caught the top and made back $2k from it.

Here comes my mistake #2: 0 regret taking the short BUT when you see equivalent volume down below and it was holding...RUN!! don't walk!!!! Then I got squeezed to $11.20 area which is the former stuffing area. I knew there was big seller there but my emotion got me covered afraid what if it break above it.. I heard my inner voice said that so I took the offer. Then huge red candle slammed down the ground and I was like WTF!! I took full responsibility for my action. I thought about stop loss level $10.70 and even $11. I forgot there was big seller sitting on $11.20 in the morning. I saw it right there but I just didn't keep that in mind!! Didn't include it in my plan so ended up emotionally covered into the wall of resistance.
Turned huge day into small day. It's hard to be profitable both long and short. It's just very difficult!! the unrealized number play huge role in the decision making. It's hard to stay 100% objective and keep the self away from anything other than the setup and price and volume action. I need to work on that. 
Another thing is low float+SSR type of stock you MUST be extremely patient when it comes to both entry and exit!! NO FOMO!! You chase you die!! simple as that!

10/27_PRQR_sluggish ZZZzz day_failed to adapt!! Underperformed!

Kept SMMT on the back of my head so afraid to jump on premarket when it is holding near the high.
thought of all the possibilities in my head and the best trade I would like to trade is shorting pop risking $9 or yet better $10 and capture one pull. It ended up fading and get heavy out of gate and straight selling down. Given yesterday's action I should have anticipated that today will mirror yesterday's sentiment and therefore I should have adapted. Each bounce was weak so I added to my position risking $8 and when my position was filled partial I could tell this thing is extremely weak!
I should be comfortable holding it thru out the day but couldn't resist taking profit b/c I thought the bounce is due. It even went red later the day. Made nearly $2k but underperformed!!

Opportunity miss on these 2. 2 things influencing my decision not taking the trade: 1) the locate fee is 2 cents for CHEK and 3.3 cents for LEI and they were up just 10-15% so I think the downside is very limited so I didn't trade them. Given today's sentiment I should have shorted them!!!!! You always need to adapt!!!!!

10/26_SCKT, LGCY, REN, HMNY_nothing worked out!!! slow shitty day

SCKT- good trade!! relative volume indicator is not 100%!!
LGCY-fakeout breakout so I shouldn't have longed it again.
REN-Just doing what it's been doing the last 4 months. tough one. Make it on do-not-trade list!!!!

thank you HMNY for the opportunity. ZZZzzz continuing..Like MR said, trading is like fishing. You patiently wait for the fish to bite your bait. You don't jump into the river to force them do so.

10/25_SAEX_HUGE mistake!!!! Can't afford it!!!

 thought it could do SMMT type of move so always ready to downsize if it kept going into 9:28am. got short premarket, great entry and it's got $11 peak out at the open so I added to my position. Everything looks great and I was up $4k quickly but it started crawling back up and it went across VWAP, break HOD and even premarket high on "relative volume" and followed by 1-min consolidation candle afterwards so I got really scared and I ended up covered all. I've given lots of respect to "relative volume" concept recently and it saved my ass countless times but this time it makes me miss this huge opportunity. Here is the thing, "relative volume" may not guarantee you making money but it certainly is a protective armor and keeps you safe and out of big trouble like MR's loss on DRWI, AT09's loss on NVFY, etc. You can't trade on single concept alone!!! You really have to take into other factors/elements into consideration!!
1) huge pullback telling me any subsequent push/pops could be "stuff".
2)Yes, relative volume is greater than before BUT it fails to hold!!!!!
3) you must give yourself some wiggle room!!! If you don't allow yourself room you are not going to make it! In this case, premarket high is $11.50, you have to set your risk above it eg: $12!!!
4) going back to the basic: "ENTRY"!!! that's all it's about!! When you have great entry it allows you stay objective and keeps emotions out of decision making. I chased down anticipating VWAP stuff  but I failed to take into one important element in this typical case-$10 significant mark that acted as premarket support!!! I overlooked the power of $10 mark!!! when it holds, it can travel farther than you expected especially when a stock is top percentage gainer, low float, and early in the morning! Putting all of these elements into perspectives I shouldn't short below VWAP no matter what!!
5)same exact chart as KOOL yesterday!!!! Had I studied it today maybe I would avoid such silly mistake!!!!!!!
6) Same mistake I made on SMMT on 10/4. I flipped long not b/c the setup told me so but b/c of frustration and anticipating other shorts would freak out and started covering. I ended up ate another $1500 loss.
Going forward tomorrow!! always always always review excel and blog trade logs!!!!! it's not an option, it's MUST!!!!!!!!!!

that's how BTUUQ ended... was focusing SAEX and the fear got my eyes off it.

10/24_BTUUQ, KOOL, UNIS, DRWI

Told myself not gonna make the same mistake again so covered all !!! Great trade!

Totally unexpected it could travel this far and given its daily chart it's hard for me to long it.

Same mistake I made on DGLY on 7/8!!!!!!! Exact same setup and mistake!!!!! When you see equivalent volume above VWAP, it's just not short!!!!!!!
But I did something right. 1)Glad I covered half when the subsequent relative volume gets greater!!!! 2) covered half anticipating vwap holds for a while before the snap.
Here is the part I was wrong: I thought it would get stuffed and made lower high before the pull but instead it made new high on bigger volume and I realized "OH SHIT" and covered 2/3 at the top and on the downwick below the big red snap then I immediately added shares back on.

It did what I wanted: $4 breakdown. But man!! at one point I was down $5k!!!!! Totally totally avoidable!!!!!This could have been a 5 figure trade but I jumped on it too early and didn't get out fast and big enough when saw danger sign!!! But fortunately turned loss into nearly $4k gain.

Was influenced by Epica's idea so afraid to ss it. My read was correct but couldn't pull the trigger b/c He said it could go to 6, 7 etc.

Great trade! Glad I could get out safe on the front side. good read!!! But given its poor fundamentals and each breakout turned out to be weak I should reshorted !!! it's hard given its massive volume and past 12pm. Rather stayed out of it. Don't want headaches!
Overall good day. Did most things correct!!

10/21_BTUUQ_shitty day, toooo biased and stubborn!!!

The daily chart got me!!!!! plus the news basically saying this company going to 0. when 100% of world thinking it's going down to zero but the trend holds, that's a buy signal!!!!! I don't regret my short in the morning but I hated the most was even after CANN and CBDS's mistake I still haven't learned my lesson. I thought this time might be different. The price action is extremely trappy!!! When it cracked morning support I really thought that's the beginning of the end. I should have covered into the grinding action followed by the crack. Turned big winner into big loser!! Unacceptable!!!! This is the type of play you gotta buy/cover when it looks ugly and sell when it looks strong. I even tried to short into late day weakness and ate another few hundred loss. It reminds me of MR's saying yesterday:

10/20_DRWI, SPU, TOPS

Play of the day! I got lucky today that I covered thinking $3 may hold for a while before decides the trend. Had I kept some shares left I would very likely get myself caught in MR's situation which would be adding way up to the sky.
2 damages/mistakes incurred here:
1) shorting thinking it may double top. Without respecting the relative vol indicator. Despite of everything I been thru I still trade reckless sometimes.That relative volume surge should be BUY signal!!!!
2)Despite of the huge volume I shorted thinking it wouldn't make new high but instead stuff and pull!! How stupid that is!!!! Instead It breakout and pulled and that led me to think this is the type of play you need to short breakout and buy/cover breakdown which led me to the next mistake as following:

I shorted into $4.30ish breakout at 12:30am. I had escape plan in my mind!! If the volume stays on and it started gearing I would cover. Turned out I was wrong for the 3rd time. I covered and went out for lunch. I crossed my fingers and wishing that the trend hold until 2:30pm so I can do one more EOD fade short. Instead big washout occurred at 1:30pm which led me to think hmm maybe it won't breakout HOD. Maybe it would start gearing towards HOD and get stuffed then pulled. Turned out I was dead on!!!! $4.50 lvl seems lots of volume battling so I started sizing in. Bids stacked up and that action tells me every shorts panicking and started to covering but the reality is very few volume hitting the asks so I shorted more. I ended up having 15000 shares with $4.52 avg. I told myself if the next pull holds I would downsize if not cover all. Glad it worked out but the action was still squeezable so I covered all. Left $2k on the table but I did alright.

This is not easy play and maybe I should have downsized since it's been holding above VWAP the whole time. The thesis that kept me in the position was 1)bad news 2)Volume of each push is equivalent and couldn't breakout morning high. So I thought it would be like NSPR goes like push fail, push fail, push fail then boom collapse. Unfortunately I was wrong so I covered my full position and flipped to long but having this strange feeling that it's not good long so I sold. Gradually as you trade more, feeling & intuition play huge role than real price action. Glad I sold and I was ready to ss pops but no pops so I was thinking maybe no buying power and it could go straight down so I chased 2k shares then boom red candle so I chased another 2k shares.

Not good entry but player like this it's hard/impossible to have perfect entry unless you are willing to experience turbulence on the front side without knowing where the top is. At least now I know the top is there and I am in the backside. Feeling comfirtable holding it thru down the road.

Like SPU, made money long and short. Just perfect trades!!! sold my long position after spotting weakness/selling pressure. flipped short BUT couldn't get filled as much as I wanted. This is the type of play you should have entered the order a little above HOD. This is typical breakout fakeout short. Once you missed it it's extremely hard to get filled!!! You must be a step ahead of time!!!Again always have escape plan!!!!!

10/19_CANN, CBDS_OTC day_Paid tuition

totally totally unexpected bounce, hold and ramp...Turned big win day into small loss day.
key points trading OTC:
1)this is a completely different beast from NASDAQ so you must adapt and treat it differently
2)Unlike nasdaq they can go straight down / straight up without correction
3) You must cover into washout!!! Leaving money on the table is inevitable because once it turns it turns super fast and you won't get filled!!!!!!!!!!the execution is terrible on OTC land so you must be a step ahead!!!! focus on entry and exit!!!!
4)parabolic daily chart so chasing out of gate is okay BUT you shouldn't short into bounce!!! the edge is gone!!! I was completely wrong !!! I thought today is the day but obvious it's not!!! Just not much selling as I expected.
5) Never EVER chase!!!!!!!!!! unless having edge or lvl2 telling me so.

10/18_SPEX, OPTT, BSPM_slow and crowded day but I traded well!^^

$1.50 resistance so I shorted 1.49. the main damage came from that FOMO $1.39 reshort thinking that it would keep going downward.

Great trade proud of my exit. Yes I minimized the gain but I got out immediately right after I realized I was wrong given volume surge and holding above yesterday's high couldn't go red.

Not easy trade and definitely very crowded. I avoided it right after I covered from my HOD short. Saw the massive volume surge(right shoulder) and thinking it would fade all day but wrong. I reshorted it but again that secondary volume  push got me bailed out. Great cover!!!! 0 regret of it! After I waited a while and till the momo started fizzle off I re-attack and turned loser into winner! One bad trade however was emotionally making it crack support EOD but covered right away realizing it was stupid emotional trade. Overall I traded it okay.

10/17_CTRV, RLJE, OPTT_frustrated but traded well

Longed but looked like r/g failed so got out.
Turned out I was right and the volume got more ridiculous so I re bought it! good trade!!! The key is paying attention to "relative volume"!!!!

Didn't know it was old news rehash until saw the tweet someone posted.
Afraid to ss into morning para because there is no risk level I could use as a guide. Turned out I missed big opportunity!! Plus today is Monday so I was extra careful on initial trade. Shoulda have shorted some and then make decision based upon the pullback!

Great trade, "relative volume" concept works!!!!! But should have reshorted it into weak braekout.

Have to give props to pro chatroom pumper! It successfully caught me and many other shorts off guard. Took loss but good loss!! Should have been more cautious on this tiny float+SSR stock!!!

10/14_MGT, CTRV_VOLUME is crucially important!!! It saved my ass today!!!!!

What a ZZzz day..But did great trades on both MGT and CTRV!! perfect read, perfect entry and exit

After taking volume into consideration my hitting rate increase dramatically!!! these are the charts I used to get myself trouble into but I survived from them today!
Morning push and failed and it looks to me 50/50 so I shorted into strength as always anticipating volume fade and so does price but the volume send me danger signal. According to my plan the volume shouldn't be like like!!!! The abnormal action got me alerted so exited.
Perfect life-saving exit because it breakout HOD but it looked very weak above there. It could be fake out breakout so I shorted it but again it just doesn't feel right! volume is big and each dip gets bought. clearly higher lows action there approaching HOD so I exited!! so dice flipping!! Then it just took off!!! Losses on both but great trades!!

To me MGT is like AVXL so I don't really wanna touch it because they seem to have 9 lives and always surprise people. Today is no difference. After peaked out the pullback was quite weak and that's danger sign #1. But screw it I drew trend line and shorted it anticipating further lows coming but again just like CTRV that abnormal volume higher than previous caught me so I exited my position which turned out to be the best thing I did!!!
However there is only 1 mistake I made was after seeing weak breakout I shorted 4k shares into it without confirming the High and  it held there so I covered-took loss. That was impulsive trade!! I didn't think clearly and it was FOMO trade. Then when it was reaching $1.80 it started getting interesting. it was weak as contrarary it should be strong so I thought $1.80 over/under should be ideal POS but I am not quite sure so I shorted 4k. I located 8k shares but lack of confidence. Turned out I was right!!! I covered still not sure about it. MGT is kind of play that I tried to avoid no matter what kind of setup is there, no matter what I see, I always had a feeling it could do crazy shit.

I didn't regret my cover but after big pullback the peak was pretty clear so I know it's good to short pop now! I caught the first pop near VWAP. Didn't wanna over stay b/c it was still held above previous low point. Took the next 2 hours off then came back and took a nap and woke up when I saw it was still holding. That was great, profit taking haven't started yet and that action must exhausted shorts out so I shorted 4k risking $2.60 over/under and added 4k downward anticipating $.40 wash before the closing. It did what I thought but not exactly in my head. I clearly had too much irrational expectation from it. I thought It would crack support and close somewhere at .30ish, .20ish. Covered all at 3:59pm. Great trades overall. Proud of it.

10/13_OCUL, HTGM, AEZS

10K shares with avg. $8.09!!! Saw clear pullback(50% off its high) and shorting with risk premarket high and will downsize if $8.00 holds. So basically two lvls I thought out exiting if holds.
I also thought about escape plan. What if it's like SMMT????!! What if it skyrocketed to $9, $10, etc? Glad I was on the right side. Heavy after Premarket peaked out!!! So I made premise that the selloff will continue after chasers take their position. This is high probability setup!!!! The most important thing is the trend must break!!!!!

AEZS just being dead wrong. Thinking it would reclaim VWAP and holds trends.
HTGM Thought it could squeeze after massive selloff yesterday and shorts got trapped but turned out the premature breakout was initiated by chatroom.
The problem I am having now is after doing well on one stock I tend to go easy on others! I tend to be content after huge win!!!That's not right!!!!!Never be satisfied!!!! Every trade is independent!!! Regret is disease!! You don't want it at the end of day!

10/12_HTGM, NSPR, BSPM, IPCI, NVFY, LEI_VOLUME&TIME=imp!!!!!

Up $7k today, did both right and wrong things, again it's not about the ###, it's about how you trade!

Started the day off frustrated, got offering on BSPM 15 min before the opened and it crumbled. I located 3k shares just in case but I didn't think I would use it because i don't think it's good trade shorting gap down especially with SSR on. I made a lot of plans before hand but offering news ruined it. I was thinking to ss risking $5 over/under but couldn't pull the trigger. 

IPCI just lack of conviction and courage due to BSPM's crziness yesterday so couldn't get filled fullsize. NVFY missed $5 short and chased it down but it was hugging VWAP so I covered for the time being and waiting for opportunity but it just collapsed. 

Then HTGM caught my eyes and I made the best trade of the day!!!!Was shorting into $3 pop and actually adding to my position anticipating HOD rejection BUT I was wrong. I noticed volume was bigger than previous so I quickly covered half and the rest into pull. Didn't expect it to do the crazy shit later on but that is big red flag!!!! So I run instead of walk!!!

That happened to be the best thing I ever did today b/c 5 min later it just took off and skyrocketed!!!

2 regrets here: 1) Should have entered small speculative long order due to BSPM mania yesterday but didn't. 2) Got busy with NSPR and didn't think of shorting it until it already cracked VWAP and I missed the best time and entry level. Surprisingly this low float beast is extremely heavy and after lunch volume pop caught my eye and failed to hold $3.50 lvl so I entered order 4k shares ss and willing to add into strength risking $3.60. I knew the stock was weak b/c since it cracked VWAP it failed to get anywhere near it and by looking at time and sales you can tell how strong selling pressure was there. A few min later it pulled and cracked support and I covered all. 

this is the trade I am proud of. perfect read, refused emotional shakeout, although a little confused and concern when it was held up but I trust what I saw. Not to say that I didn't have escape plan. I set time stop loss order at 11am. If it continued chopped around after 11am I would be out partial if not full size. It did what I wanted and nailed it. 

Last trade of the day and the difficult part of trading this is execution. I avoided ss para b/c you don't know how far it could go so I waited for the pullback and ss pop risking HOD but there was lacking BP there and I located 4k shares but only filled 500 shares LOL. It was up on offering news at $2.40ish and it was midday spike after ridiculous full of momo day, you should know that there are lots of weak hands buying it!!! It reminds me of SMIT but this one is hard to trade. The hard part is If you missed ss para you missed the trade but if you ss para you don't know how far it could go. So it's okay to trade but just keep size under control!