6/30—CHFS, SPEX, SKLN, DPW

ironically I thought SPEX and MBRX could light up small cap sky but nope.. maybe they all died and holiday july 4th is here, not enough momo in the market. Almost everything I traded worked out except some minor paper cuts. Overall I stuck to the plan and they panned out. 

nasty one. Promoter hold bids super well then pulled LOL. Just shitty company. 

a little frustrated but based on the chart, lvl2 and time and sale I can tell amateur buyers are there! So sit tight and when they run out of patience and lost faith in it I banked. 

SPEX I know it could happen but man overnight short holding is not my thing!!!!! Unreal gap down and faded all day!!!!! that $4 push after hour really got me!!!!!!!

6/29_SPEX, MBRX-$30K!!!

what a day..feeling sick and disgusted of myself on my operation. lots of shitty trades and failed to cut losses at risk lvl. Used too much size(YOLO) and rationalizing, waiting waiting, hesitation and see what it does kind of mentality!! just lots of bad actions and internal issues.

killer setup and know shorts are definitely trapped so started long it and made quick $8k before the open. That feeling was great so maybe because of that I got cocky and became careless and started breaking rules. My mental picture was HTGM's type of trade-big washout out of gate then grinded up and HOD breakout and squeeze but heck it didn't do what I wanted exactly so I started to question myself and flipped short and that's the biggest mistake I made!!! I consciously aware that today is the first day of MANIC period given SPEX and MBRX's action but I still couldn't resist to short due to weakness. Market sentiment geared towards bull as we've seen relentless buying yesterday and ideally carried over into today and that's exactly what happened. So the 1st loss resulted from shorting into VWAP rejection and covered into ramp. The 2nd loss(5figure) resulted from big brutal red candle slamdown short and thinking it's going to reject at VWAP and continued selloff through rest of day. Wrong both times!!!!! Given the fact that I know we are in mania period but I still shorted into weakness early in the morning. That's the part I feel sick of myself. Even after HTGM, DRYS, ETRM's mistake I couldn't learn my lesson!!!!! Ended up covered all position taking big hit at low $4. Then I started to think maybe it's going to do SINO type of action so I started longing dips using HOD(3.80) as a base/guide.

here comes the next mistake. when it took off like rocket I was overly bullish and thought it could bam bam bam so I refused to take profit!! Not a single share off!!! I was up $30K!!!!!!!!!!!! Man that was huge but I didn't take single share off due to greed and homerun mentality! I really thought after 3 months' quietness and trap yesterday this thing could go to da moon!!!!!But to my disappointment it cracked and all off the sudden I saw $30k profit to breakeven almost......I think the main reason that caused SPEX's crack was MBRX.

at 11:44am MBRX started falling off the cliff for unknown reason but SPEX was still holding up. I know that the same group of traders in these two stocks so MBRX's panic may bring down SPEX some if not more sub vwap. I got 2 minutes to dump nearly 35000 shares of SPEX but I was sitting still, hesitating, rationalizing and did nothing. This is the part I felt disgusted of myself. How could you be so freaking greedy and trade on your desire rather than what the market is telling you!!! You totally deserve the fucking loss!!!! Even after all the mistakes you made you still couldn't learn your lesson!!!! I ended up ditching all shares at $3.90s when it seems volume vanished and sellers stepped in and flipped short and intended for all day hold if no danger sign is spotted.
Up to this point the day has been crazy. My pnl swung up and down like freaking roller coaster ride. But it is what it is. At the end you gotta accept who you are as a trader and person. Accept your dents and live to fight another day!!!! Trade appropriately!!! Remember that!!!!! Everything else is secondary!!!

toasted and fatigue....exhausted staring at it all day long!!!! Didn't cover single share into dips and wanted EOD panic but didn't happen. Extremely frustrated!!!! Will watch it until 4:30pm and call it a day!!
so many opportunities to lock in profits-long & short but didn't!!!! overly biased on each direction!!

after hour action Round 2!!!!!! I don't know about this one anymore!!!!! Best avoid!!!!!

6/28_MBRX, SPEX-$9k !

shit hits the fan. the worst day in a while. Been doing pretty well this month up until today...Didn't start the day bad tho but SPEX's overly patience hold and MBRX's fight mentality got me fucked.
Why the hell I was trading whole day today??!!! I sacrificed well being and took huge loss. The market don't give a shit about you!

conviction short and intended to hold all day but hell it couldn't make new low and that's a danger sign but I ignored it!!! Was up big on dips but didn't take single share off!!!!

0 regret taking short position but the problem is when it started to grind I didn't take it off. The funny thing was I even told myself that but didn't do it. I kept waiting around and wanted to see what happen. That's bad decision!!!!!

Glad I didn't do all things wrong. At least I covered all 2 times and that saved my ass big time!!! but for whatever reason I was destined to fight it, couldn't help myself so I shorted again and again. The main damage came from that HOD breakout fakeout cover. That was really unexpected. In the end $9k loss combining all shorts together. I don't even know why the fuck I was thinking to attack it after 11am and volume gets bigger and bigger!!!! I even tried 2:30pm profit taking but when crack didn't happen I hesitated and got panic cover at the top. I really lost my emotion balance on it!! Couldn't help it!!!! the best trade is no trade!!! I guess $2.20 resistance yesterday trapped lots of people!!!! The stock is hard and choppy!!!! it's counter-intuition and I do certainly believe big money is behind it!!!!!!! from what I saw, big lvl resistance got taken out many times!!!!!

6/27_MBRX, ZN, MYO, TOPS

Glad most of tickers worked out except TOPS..all day watching and failed to do what I wanted at the end. but overall I managed trades very well.. proud of myself especially MBRX's killer cover before its continuation of momo.

thickly traded and $2 looked like couldn't peak convincingly so I covered all which turned out the best thing I did because if I kept holding position the distress would keep me from covering when action like below occurred.

$2 reclaim which is very frustrated but that's nasty fake reclaim action. Untradable!!! like AVEO

midday volatility halt on PR which in my eyes fluffy and $15 resistance on daily chart and especially after I took position Someone tweeted warrant effect which adds conviction to my trade!

trade didn't work as expected but that cover is pro played!!! Waited for volume to dry up before added back in but the heck saw relative volume and stopped out. Breakeven trade but very proud of my management of trades, entry, exit and observation!!!

all day hold of the day. Wanted sub $.70 but didn't get it. Ideally $.80 push or $1.00 push even better tomorrow morning before further unwind.

6/26_CBIO

Slow day but nailed CBIO. trying to focus the best of all setups

low float + biotech but it's got offering so hard to say what it can do but managed to long some hoping mania macro condition set fire on it. Pathetic volume so I flipped short. I saw lots of market order sending in which further confirm crowd is on the long side.

6/23_AVEO, CARA, PTLA, MARA

lots of confusion these days. It's better to take 2 days off and reset myself and afraid of missing opportunities.

$7k loser of the day. lots of mistakes and homerun mentality due to conviction. Knew it has offering $.50 in March so I sized in pretty big and early anticipating VWAP rejection. That's not the main problem. The problem is as soon as it pierced thru VWAP I didn't take it off immediately. Then I reshorted again thinking premarket and HOD holds the top but wrong again! ate another 2k lose.

$7k lose on AVEO set myself on fire so I shorted 4k shares CARA a little too early and I was closed to stop out but seems .50 peaked. Glad it worked out. Shorted again late day but it ramped up when IBB made killer comeback.

wanted more but didn't get it but overall happy with the trade. entry and exit.

ridiculous one. had 2k shares with $56 average. At the peak was down $3k!!!!!! Out of my mind and used too much size but luckily it worked out. Just like CARA was on the brink of stopping out.

6/22_OMER, DXTR, DMPI, AVIR

THANKS to DMPI saved my day. Shitty action, shitty trades and lots of mess and emo inbalance.

shorted 5k shares on further pullback. This one is tough to trade and ended up bailing out. will definitely revisit tomorrow but IBB has to confirm!

newbie mistake. bought into strength and shorted into weakness. WTF i was doing?!

0.6 looks strong so I kept holding and ignored the trend hold and relative volume red flag. shitty trade

thanks to TradeIdeas on this alert. plus offering and dilution so I sized in pretty big and it worked out.

running out of patience and time stop triggered. so fuck it imma out! no liquidity unlike DCTH yest.

6/21_DCTH, DRAM, MBRX

most likely finished my day.. shitty action and only winner is DRAM-what a fast trade, you only have 20 seconds to do it. you miss it's gone.

this is the type that you have to pick entry point and put limit order in. when you see the action then size in it wouldn't get filled!!!!!

choppy one. can't read its action so fuck it imma out. no long no short. No edge!!

man lots of headaches and confusion. Big picture trade but didn't pan out I wanted. risking $0.35 o/u and it tried to crack a few times but all failed and grinded back up. I even added to my position thinking VWAP rejection but nope... ended up holding 100k shares with average 0.334. When it pushed towards HOD I was on the very brink to stop out. Then 5 million push down the support and I really thought it's over but nope it ramp back again and its after 12pm. Fuck it imma out of it. Trend holds the whole time and all dips got bought up. How could you still remain short??!!!!!! Ideally ridiculous spike tomorrow morning for entry. No more trade rest of day. It may do EOD crack but idk. will see even if I trade it EOD I will use smaller size.

6/20_LPCN, ZN, MYO, SGOC_ traded shitty on LPCN

Feeling like I lost big on LPCN! killer setup but I didn't capitalize it. The move happened tooooo fast and the only way to trade is filling premarket or after market open if you are fast enough.

same exact setup as HTGM. But man Knowing the fact it's shitty company and got involved with lawsuits in the past but still long it due to the fact market is quiet and it's ETB so thinking it may get crowded and morning squeeze with give me better entry. Wrong!!! Given lower high actiion and $5.10 stuffing massive shares on 1st minute candle you got go big!!!!!! Size the fuck IN!!!

today's is the 4th day of movement and ready to take it off if can't workout. scratch trade.

where the fuck is the bid???????? so took it off. unreal unwind!!!

main gainer of the day. too ez not to take it.

6/19_MYO, CLVS, ZN

nothing worked today!!! Accept it and move on!

MYO-I had right idea but timing was off and ended up sold before the ramp took off.

ridiculous range and I used bit of too much size risking around $86 lvl. Massive volume and thought it would washout before the ramp. At the bottom I was down near $4k and I had 2000shares short with average $87. risk/reward was off on it!!! Should have totally avoided it!

volume came in and I added to my position risking VWAP but didn't pan out the way I wanted. Frustrated and choppy one!

$3.40ish lots of absorbing so I thought it could have leg but than big volume push fail attempt should stopped me out!! That tells me big seller up there at $3.60-3.70ish. Maybe CLVS and MYO's loss put myself on fire and I refused to stop out until that $3.40 lvl cracked and ended up sold at $3.23. Undisciplined trade from long side!! Totally avoidable!!! Remember every trade is independent!!!!!

due to CLVS's action I thought biotech with phase news can get a lift so I longed it. gt overall on exit and size back in and sold all.

6/16_CLSN, ADMP, MOSY

yesterday was a breeze but today is ....a storm perhaps. Nothing worked out as I wanted. Was quite excited before the day because ADMP and CLSN were in play.

CLSN is a tough one!! read it wrong. Had news in the morning on offer cancellation and the fact that it's heavily shorted name so I tried to long it but the volume just wasn't there. I ended up taking it off realizing loss. Nothing huge and I don't regret my entry but the only thing I did wrong was not sizing down when it failed continuation like it should be.

Then market open and boom it had massive slamdown which makes me think hey this one is toasted and I planned to short risking VWAP but again it didn't just pop and reject but instead it pierced through it and continued to ramp. Instead of taking the first piece off I added to loser and snowballed the loss which is the same mistake I used to make lots of times before. At the peak I was down $7k and I was honestly ready to take the offer and get out but the action seemed stuffy to me and Nate also mention in the chat it could stuff any moment and gladly it did what we expected. I sized out some reducing the damage so I could add back in. Then when it cracked below $3 I really thought that's it, this shit is over but to my contrary it started to base at $2.90. Gave it time but didn't fall and I saw volume hitting $3 so i said fuck it imma out.

MOSY was a good trade. Shorting thinking r/g fail but instead it trending and breakout so I stopped out. small size.

I fucking hate tick pilot!!!! hard to trade and you got be very cautious on entry and exit. Can't slam!! didn't pan out the way I wanted so cut it.

6/15_HTGM, IDXG, SKLN

massive day today but obviously could have done so much better on IDXG and SKLN.

located 20k shares and my plan was sizing in premarket at least half using $4.10-4.15 as a guide/risk. Only thing I worried about is guru bashed it premarket which could make it a little crowded but again I traded with price action primarily so forget about what it might be whatsoever. I saw the resistance at $4.10 and I will go with it. Worst case scenario will be breaking above $4.20 and hold and started to gear upward then I will be taking it off and aim for $5 short with giant size. So even if it break above my risk lvl it is not that bad cus I could use more size. Nailed it perfectly.

shitty and sloppy trades on this. $2.25 as a guide and it did break above it on the 3rd min but quickly slammed so I should have sized in risking HOD o/u but given volume and far down below the VWAP I thought it wouldn't be likely to tough HOD again so I sized in full position using VWAP as a risk. Surpringly it kept going but it did exactly what I thought so I sized back in. Covered 1/3 near low $2 thinking it may hang around a while before making direction but nope snapped below it. Saw $1.88 absorbed big and sharp green candle reclaim then followed by picture perfect grinding up action so I said fuck it i am already have a great day why more headache and stress??

If HTGM and SKLN were not in play I would definitely touch this one. One thing that worried me was it cracked support yesterday so I thought badholders would panic out already and it put SSR on and today's action is pretty grindy so I said fuck it, no headache but in hindsight the best r/r trade would be sizing in 1/3 if not 1/2 at $1.90ish and planning to add on $2 break anticipating stuff. Again when I had a huge profit on another play my mind and focus is just not there.

Partly due to boredem but mainly due to weakness and $2 peaking out so I shorted it. NOt the type of trade I normally do so kept size small, room to add and tight stop lvl. Glad it worked out.

6/14_CCCR, MTBC, GTXI, MBOT, ABIL

shitty action today and contrary to what I expected. Yesterday low float started to heat up and I thought momo would be carried over to today and that makes me initially long MTBC and took a small hit.

but no biggie and as soon as I saw giant candle stuff and slam I started shorting it risking vwap but again got caught on the squeeze and it traveled further than my plan so I covered all and yes that was a loss but that was a good trade. then it breaks out and stuff again and faded and never look back. Choppy one and just fuck people around.

CCCR is choppy one again. Due to massive consecutive volume and $3 breakout and seemingly continuation I longed it but heck it stuffed again just like last 3 times.... Shitty action. AVOID!!!

MBOT is the only profitable one today. High quality setup but I used same size as others and didn't make enough profit on it.

no offering news again today and $5 approaching got me think maybe it's going to slowly sneak up on low volume as it continues to trap shorts and maybe have a chance to test high earlier. But volume wasn't there and shitty action so fuck it imma out.

not my ideal type of setup and overextended daily and seemed top heavy so I shorted today into weakness. Normally I wouldn't take this trade but just lacked of action today so it could be called boredem trade. Didn't workout just lack of liquidity. no waiting game!