1/3_IDXG_-$30K

mindless and careless trade. 3 days vacation took my focus away and the fact I made $210K trading profit in 2016 got me cocky and feeling good about self. As a trader whenever you feel great about yourself and ability you are doomed!!!! Lots of mistakes here. The entry wasn't the problem. The problem was after I got filled and it had "weak pullback dip" I didn't take it as danger sign and cover.
Instead I added to my short into next push expecting it would do fakeout breakout action. Wrong again as it barely dipped. Relative Volume is consistent and that's another big red flag!!! Lots of divergence from my initial plan but I chose to ignore them and I let it take me for the roller coaster ride. Then more mistake come along:

It had the first meaningful pullback BUT it stays above VWAP the whole time with relatively consistent volume!! I covered only half into the pullback and let the rest run. Instead of stopped out I added to pops that had weak pullback then finally I couldn't take it anymore and say enough is enough I covered all at $10.50 realized nearly $30K loss. I tried short later when HOD breakout fail but again didn't workout.
As I felt good about myself and traded carelessly and without sophisticated plan I paid the price! Got no one but myself to blame to!!! Part of the reason was it is the first trading day of 2017 so subconsciously I didn't want to realize the loss so I forced the trade.
Starting tomorrow! go back to the basics!!!!!!! Do everything needed and the result will speak itself!

volume tells me red flag!!!! frustrated but I must cover before it reclaimed.

12/30_MRNS

Kept LEI on the back of my mind so consciously kept myself away from trouble by paying attention to red flag, danger sign, sized in according to the plan, entry, exit, watch for divergence, etc.
Traded it well!!! respect the volume !!the best thing was I covered all then reshort when HOD breakout failed but again huge bids held very well!!! confused action so took it offf!

12/29_KOOL, FBIO_down $10K at one point!!!

easy trade, 0 headache.

Here comes the biggest mistake of the day: I had decent short near HOD BUT when no selling existed I didn't cover in time!! Volume was small so there is no point shorting in the first place!!! I had 7k shares!!! Shorting isn't the problem!! There problem was when there was no sellers I refused to cover. I even saw 50k asks at $3.47!!! Should have used market order to take it out!!! at the peak I was down near 5 figure!!!

frustration continued..I thought it would slowly bleed down to where it came from but nope... it didn't make new low since $3.42!!! Glad I covered 4k shares at that lvl!!!
Here is the main mistake:
sized in too early!!! didn't wait for 2pm..due to FOMO!!
Aimed for EOD snap like DRAM did yesterday but nope....bids held!!
But the main problem comes from morning undisciplined trade!!! Had I covered when I saw danger sign this one would easily be 5-figure trade!!!!!!!!!! One little, careless, reckless mistake ruined big once in a life time opportunity!!!!
Remember one thing!!! and this one thing not only help keep you away from trouble but also allow you bank huge!!!!!!!!: "when setup diverges from plan/expectation in terms of price and mostly volume and time, get OUT!!!!!! RUN!!! DON'T WALK!"!!!

12/28_NVDA, GALE, DRAM_1st Roller Coaster day since shipper craze

Nate banked nearly 6-figure on it, killer over-extended daily chart. The main reason I covered was for BP that I could use on GALE which got me into trouble.

Only one regret-when $2.70ish absorbing massive I didn't take single share off!!!! At one point I was down $10k but thankfully I survived. Not easy. Main reason I shorted into 1st min candle was b/c of CAPN yesterday and I interpreted news as meaningless.
-when setup diverges from your plan, RUN!!! DON"T WALK!!!!! In this case, "RUN" means covering into dips in $2.70ish. I would save myself lots of troubles!!!

this one kept fucking with me. Not easy at all and lots of confusion and traps!!!! Overall I traded it well, respected my plan and paid attention to danger sign. But the problem is when you become discipline sometimes it just trick you!!! I thought the "reclaiming" action would hold stock up then...

WTF !!!! it is what it is....
At the end blessed to be alive and blessed to be able to fight another day!!

12/27_CAPN, MBRX, CNAT

Market is extremely weak today. No volatility and liquidity, maybe people still on vacation. In this market, patience will make you miss the play. In crazy market you wait for $3 go to $5 to get short but in this market your POS must be adjusted to $4ish or maybe lower. You adapt or perish!!!

Pissed of myself didn't size up risking $1.25!!!! I saw $1.25 peaked out many many times but got scared!!!! the first day of the week always make me scared, left big money on the table!

Didn't wanna get aggressive b/c news could be of meaning. bad entry so covered, scalp.

Use ST to trade it, terrible execution. covered into stuffing action, old mistake !!!

Turned green day into red day thanks to CNAT. initially tried 2:30pm profit taking retracement didn't workout took loss. then retried b/c the upper lvl looks very stuffy but didn't work out again. It's my weakness shorting a momo stock traded more than 20m shares/day late day. very choppy action near HOD and key lvl kept reclaiming so I got scared and interpreted it as "red flag" so got out. Then it just pulled right after i got out. Hard to trade for sure!!

12/23_ACST, URRE

2 mistakes:
1) shorted into weakness subject to FOMO, glad I covered some into dips
2)got good read on it. $1.80-1.90 very stuffy. but didn't anticipate it would break above $2 so I should have imagine it's likely to happen and prepare 5k shares to strike it!
didn't selloff as much and fast as I wanted so slowly covered.

gt. should go bigger than 10k shares.

12/22_TKAI, CETX

Knowing the news is meaningless and it's a pump but price action looks crowded so I didn't get myself involved. It's also lacking liquidity and moves slow for me. the main thing was each dip was not as weak as I thought so I thought maybe this "buyer" behind the scene is strong unlike retails.

Turned winner into loser! First I made fat finger mistake shorting 7k shares typed in $1.40. Then realized it was fat finger I immediately tried to cover half of them. Saw the weakness and $1.40 support got tested so sized in again with avg. $1.44 anticipating $1.40 crack and flush but $1.39 refreshing and absorbing like crazy then I stopped out and I am proud of that. Then stupidity crawled into my mind and I flipped long given the volume and HOD breakout but I failed to take into consideration that it was still below the premarket high and the breakout isn't as valid as I think it should be....then I realized SHIT..it was HOD breakout fakeout stuffing action but the price already started to reverse and it was hard for my sell order to get filled. Glad I stopped out again.
Yes...Took loss... but I did the right thing! this thing is hard to read & trade both long and short.