While I'm educating myself (Thanks @timothysykes) I started paper trading on actual paper notes. I haven't signed up for a brokers account yet.
I was watching two companies yesterday. LCLP I would have broke even because I was afraid to hold it. NVCN I am shorting and still holding. I am expecting it to continue on its downward trend. I am still not sure how long brokers allow you to hold on a short.
Notes from yesterday -
LCLP - long stock - should be a long hold 30day advertising started a month ago.. Hold for 2-3 days if possible. Wait for price to drop to .59 (Current Time: 2pm EDT) Could buy at .60. - maybe sell now.. After investigating. I didnt' check the volume again.. Doesn't seem to have much.
NVCN - short stock - bought at .65 a share @ 2:34p EDT (750 shares 20-30 cent movement is 150-200$ risk). Should drop down to .59 no later than close. Its low is about .47.