Yeah, I have made some reckless moves. I am eliminating my bad habits, while adopting Tim's tactics. It is tough going from a swing trader mentality to the day trader world, but we are in the right place to learn. I sometimes feel like I have this great tool box full of tools, but I'm always reaching for the hammer! Unfortunately every problem is not a nail!

Thanks for sharing. I know when I go in to a trade I immediately decide my exit range. In this case I would probably have a mental stop of 3% so you gotta watch for those 10-15 cents that will start to put you past your risk limit. With your finger on the trigger, if those 5.30s start ticking off hit Buy to Cover limit 5.35. Now, in practice it doesn't always work so easily, but I think that is the best approach for cutting losses quickley. Good Luck.

Always gotta remember there will be another opportunity. It is always better to miss an opportunity that to short at the bottom or buy at the top. Just dont make the same mistake and you will do just fine! Thanks for sharing

Yea I agree, should have waited for a pull back, then short

You said it in your post, you had no risk/reward set before you entered the trade. That is the key and you realised it quite brilliantly. Next time you will do better. And thank you for sharing

Nice Plays!

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I want to mention that shares for these stocks may not be available to short. This is very likely the case for a stock like XLIT. I will keep an eye out on IB in hopes of preparation & luck meeting!

i would not trade these stocks, they are not ideal for pennystocks, look at the volume.

yes it does. my intsgram is jonasogren

Thanks

@AirplaneJane here is the guide .

Thanks Swede ill take a look at it