Alright that's my first actual blog post. Im looking to post every day I trade, quick review on my mistakes and what I learned.

Lets start with this morning. So we had $RGSE and $TOPS gapping up on friday morning. Nether of them had a solid news (red flag number one) both former runners that failed before (red flag number two). Now let's go over my plan i had for today.

$TOPS was way ahead of itself so my plan was to wait for the hype to pass and short it. I waited for it to spike then it's dropped big. Next thing I was looking for to retest vwap and see if it fails, that's exactly what happened it's start climbing back up and got rejected so I took short position @4.23 800 shares, with my stop just slightly above the 4.30 area. From there it was faiding all day. I ended up covering @3.65 for near 400$ profit.

$RGSE former runner and really low float. I didn't really want to get into it, but whenever I saw a morning panic I got in on the bounce with the 500 shares for a quick .10cents /share profit.

$FATE was popping up as well few hours after market open, I looked at the daily chart and saw resist multi month resist at 3.85. So my plan was to get in on the break of 3.85 toward 4$ and possibly 4.25$. It's was not moving fast, so I switched back to TOPS to see how it was doing. Once I got back to FATE it was in the 4.15 area, and guess what my stupid ass does? Yes I chased it and got in at 4.25. Yes that's right, right on the top. My mistake cost me close to 400$. i could have took a loss of 50-100$, but instead I held and was hoping for rebounce.

Just a quick summar: Patience pays off! Don't chase! Wait for the proper entry! FOLLOW YOUR PLAN! CUT LOSSES QUICK!!!