11/10_SPHS-worst day since blogging

Oh Man~ WHAT THE FUCK was I doing the whole time??!!!!!! saw the runner premarket and keep waiting waiting waiting, couldn't pull the trigger....left big money on the table. It reminds me of Derrick JL saying"you got have ball, if you don't take the girl out, someone will do it." trading is all about the risk vs reward, if you can short risking the HOD with big-ass potential, you go ahead and take it!!!!
-so what exactly was the problem??? I over-analyzed it. this is my thinking: the stock is up 300% premarket and everyone is going to short it without doubt logically speaking. That's the main reason kept me away from shorting it. RULE: always short into it and reassess it afterwards. if you don't short now, such great opportunity will be gone! always always always short risking HOD!!

-did 3 scalping shorts in midday. ended up breakeven so what's the point???
-today is definitely WTF kind of day. I've been waiting for such play for a long time but when it comes I always screw up. I still kept AQXP and ITEK on the back of my mind and thought it may come back and in fact I HOPED it would come back. Remember the MKT do NOT give a shit about you! simplicity works. see a trade, take it! nail it or bail it, move on! cowardly trading don't work here!! you got have the ball to take it! part of the reason I was so scared to trade was because of my past losses. conquer it, stand the fuck up and fight!!

LESSON:

-at the end I was forcing a trade that wasn't there!

-Turned a bad day into a worse day due to my emotion imbalance, greed and ignorance of chart

-by mid day I was up $200 net but pissed because missed the short in the morning so technically what I did could be counted as revenge trade

-Gave too much weight on EOD spike and thought it could really run given the nasty and resistance everywhere chart but I compared it with CLTX in which case momentum carried forward 

-ignored the price action and lvl 2 big seller! it's funny that if I was not long I might look to short this late day "fallen star" setup and even more ridiculous thing was I saw this big ass seller on lvl 2 that couldn't be taken out but still refused to sell. WTF!!!! WTF!!!! being undisciplined and got fucked up. #Should refuse to long "ABCD" setup UNLESS with attainable HOD in this case the resistance is everywhere!!!!! why the fuck did I long given 1) resistance everywhere and 2)big seller on lvl 2??!!

#consistency!

11/9_EDAP, WTW

-tried to short EDAP on ST but it said "security is not tradable" and left the access code for IB in my car so missing such great shorting opportunity

-ST is nasty and I suppose traders at the firm took the inventory on short as evidenced by price action

-lesson: look anywhere I can to short especially when it says "not tradable blablabla"

-frustrated short but on hindsight that was a good cover.

-b/e on these two trades and I should be proud of myself because I remained desciplined

-avoid play like WTW because it's too complicated, it's got news everywhere, famous celebrity involved, 50m float, etc.. focus on simplicity!!!

11/6_TRUE, RPTP, LXRX, WTW, ERII

-the best and most memorable day @ reiko, missed lots of plays and you never know what you would do when there, whether could make money or not. 

-I call this period "earning's craze", anything that related to earning can fly!! it reminds me of "biotech craze" in August and September. the question is whether you can capitalize the opportunties

-the key is to prepare, study and waiting for it and pull the trigger. however there are variety of forms of them, all the charts today need to be treated individually while maintain the big idea in the mind

-saw RPTP premarket and one thing i didn't expect that is the spike only lasted 2 minutes! this is perhaps the most DIFFICULT part when shorting para because you do NOT know where the top is. one approach is anticipating half or whole dollar mark to be rejected and set the risk at that level but at the same time ALWAYS keep position size small to give yourself extra room for adding. (starting 1/10, 1/5, 1/3, 1/2 of full size depending on the former resistance level, volatility, momentum and liquidity) 

-Had strong conviction on LXRX because it was former runner and failure so i knew that the spike wouldn't last and would fail, but the question is when to size in, where to size in, what is the risk, and what is the position size. 

-from daily chart, again ALWAYS look at daily chart for para shorting!!! the last high is $15.80 and this is $10's stock (using whole dollar mark)  so I will short based on my risk at $15. It opened at $13.80 so I was pretty certain it would breakout $14 so my plan was starting to short at $14.50 and will add based on my risk at $15 if I played it. again, keep tracking, keep learning, and adapt!!!

-ERII & WTW are today's 2 big players and there are a lot of heat on them. I had been watching ERII for quite a while but it had trouble breaking $8 market and WTW was bad company and only reason it was up because celebrity Oprah took stake on it. 

-the primary catalyst that spiked both of them is earnings! remember we are in a period of "earning's craze" this week literally ANYTHING that is related to earning spiked a ton. both of these 2 plays had 1-2 weeks consolidation while drew in shorts that further fueled up the spike! 

-one thing i've found interesting is that you can just focus on the chart/patterns, you do have to connect the dots!!! meaning that try to understand the context of them, catalyst, market sentiment, etc. Trading is like putting together a puzzle, the more pieces you can find, the clearer the picture!

-I am also proud that I didn't trade midday because it makes no sense to me. these runs took off after week long consolidation so there is no one to tell whether it can keep going/consolidation/fading back. BUT I will definitely look for opportunities in late day see if there is ABCD pattern that i can profit from!

-finally another HUGE day for me and all the market participants. In this market, there are tremendous amount of opportunities and the question is are you prepared or not?! this week is awesome to me! I was green every day!! I remember what Modern Rock said, slow and steady wins the race!!!! #consistency!!!

11/5_EYEG, GENE

-Many many many mistakes and lessons today!!!! subject to FOMO effect

-my plan was $5 para so I started in 1/3 of size in $4.62, feared of missing out, then reshorted at $4.79 then finally caught the top in the high $4.90's. Was holding 3000 shares at $4.77 avg. Not ideal but tolerable. again!! too early and too big!!!! missed lots of plays yesterday so today got too emotional

-didn't regret of the first cover and actually the reshort at $4.72 was phenominal!!

-so first mistake was starting too early, here comes my second mistake: took 2nd cover too early!! when the stock confirmed lower high and made new low, just sit on your hands and wait!! let it play out!!!! strangly i am not who I used to be, I sued to let it run run run without covering a single share!

-totally unexpected, 90% of people thought GENE may easily gap down due to weakness and made new low nearly the market close yesterday 

-plan: it downtrended premarket, so plan A: shorted into para risking premarket high, didn't get that at the first place, instead it panicking from the get go, I would definitely not interested in short into weakness b/c it could draw in shorts chasing down and ramp back up

-during panicking mode, now, what do I do? do I aim for ORB???? I was thinking about that BUT i took step back and looked at the chart thinking, VWAP could be resistance lvl 1, HOD could be resistance lvl 2, premarket high could be resistance lvl 3. What is the point of buying into anticipation that it will break through all these resistances?????? I don't trade on anticipation!

-on the other side, let's say if these resistances are valid, do I short it???? on hindsight YES but at that moment, I was afraid of doing so, AQXP was still on the back of my mind plus all those crazy biotechs, even though there were resistances on top of it, but it could still breakthrough them! 

-so the BEST APPROACH would be still taking the short, but keep position size small risking PREMARKET HIGH over/under! if it peaked out, great, if based on it, covered!!! run don't walk!

-this is what happened later the day...

-tons of lessons and takeaways, #LEARN, #STUDY!

11/4_BIOS, FIVN, LINC, GENE

-was watching lots of tickers but didn't pull the trigger, had too much patience

-refuse to be FOMO but maybe should have sized in small to see how it goes

-strongly hoped it could para above $3 for me to get a good entry but you know what, MKT do NOT give a shit to what you hope/anticipation, adapt!!!!!!!!

-definitely not chase it down on short

-again was watching it but couldn't pull the trigger

-shoulda have sized in small to give yourself room for adding or stop out if need

-by the time I saw this turd on twitter it had already crashed, again another missout!

-i guess that best part being in Tim's room is spotting these garbage low float runner in time because the sheeps always chased it and tweeted about it

-damn, so many missing opportunities today, please learn! learn! learn! and ADAPT!

-did 5 trades on ST and 1 on IB, played it the best I could

-I hate scalping but on the front side of the move, you gotta do it, this one uptrended the whole morning before took off so from short perspective, it's a scalp! I wouldn't hold short too long

-so shorting was my Plan A and my Plan B is ideally the stock consolidate couple hours and set up 2:30pm super squeeze but didn't get it, lots of emotions and shorts stuck in it, 4 rounds of ramp!

-the best of all is the last one, scaled in anticipated EOD push, reacted to its failure and tons of sellers on lvl2, got out both on ST and IB, stayed disciplined! stayed sharp!

-always do retrospection!!! what was my thinking when I entered the position, what signs I paid attention to, what was my plan, when & why exited etc.... 

-at the end, it was not CLTX nor CANF, I was wrong but I protected myself. 

11/3_APDN, BNSO

-on the right track but did NOT add smartly which didn't change my avg. much
-exited well!!!
-the last trade was phenomenal!!! shorted it, didn't crack, covered! No Question to be asked!!! move on!

-thankful for the gift of low-float runner today
-took advantage of the emotions midday today.
-did two trades and the first one was just phenomenal!!! covered into the pullback for two reasons: 1) it can still be on the front-side of the move, 2) there may be tons of shorts and chasers there can easily push the price up.
-after closed up the first short and looking to reshort on two levels-1)VWAP reject 2)perking piercing resistance setup and on hindsight the chart is the later one!
-a lot of emotions going on!!!!! could easily get shaken-out. my plan was to stop out when $3 holds and gearing
-holding 2nd short through lots of turbulence isn't EZ
-ALWAYS trade SMALL on this setup for two reasons: 1)make rational and p&l detachment trade, 2) rooms for adding!
-not anywhere near the perfect, still in too big and too early, lacked of patience!! work on it!!!!!!

11/2_VSCP

-tough to trade with small account because I already stepped in in full size, the right thing would be sized in 1/3 or 1/2 and add to it.
-over-traded it, I shorted then covered, longed then sold, shorted then covered and finally shorted it and covered. break-even at the end but exhausted and stressful
-this one got lots of emotions going on as evidenced by long wicks and big volatility.
-biggest mistake: did NOT covered when VWAP holds as support multiple times!
-my operation was correct-shorting on day2 into morning spike! as it shows this one ran longer and further than i thought, but the outcome was what I anticipated.
-this is "Derrick's perking into resistance setup"!!! got have confidence to short big when spotted it!
-tons of mistakes and lessons!!!! learn from them!!!!