Nice work Will - I'm in a similar situation and have set up a blog to track my progress as challenge student. Have a look and see if it helps you in any way to formulate your strategy - the link is http://daytradearcade.com

@LemniscateMoney I'm still learning myself. I definitely would not recommend going into any stock that is illiquid. I wait (and sometimes a very long time) until the stock comes to me. Since I focus on these types of stocks, it limits the positions I take.

@LemniscateMoney If you take a look at my trade dates, you'll see that there is a huge gap from the first trades I had until the most recent. This is because in the beginning, I wanted to get my feet wet. Once I got burned (primarily because I didn't study), I stopped and started to study. I attribute my most recent success to the time I took to study.

@LemniscateMoney With that said... (Even as much as I'd like to play more stocks), I will sit and wait patiently like a sniper until I see an opportunity again.

@krs1 Couldn't agree more.

Just remember to take into account that there is so much volatility and volume surges in these lower float stocks that the lifespan or 'trading opportunity timeframe' can be very short lived. In other words, the opportunity to get in the trade may be over an hour after the open. Using volume based technicals for entries is a good idea but you need to find those stocks, if lower float stocks are what you are trading, that have consistent volume throughout the day. That might be a challenge.