After seeing that CLRB spiked to 4.93 ish on market open 05/23/16 down from its weekend float low of 1 ish I knew then just like gravity law it must all fade back down if not to the bottom. Like Tim teaches always anticipate and plan ahead, wait for the right setups to trigger and snipe away profits - exactly what I was waiting for not until ...

That said, placed a limit order to sell CLRB at 3.90 knowing that the stock will consolidate Tuesday morning and beyond but surprisingly got filled at 4.14 whereas I had earlier set my stop to cover at 3.30 (.30/share in profits). Not bothered emotionally or pressured I knew 100% from onset I positioned well and only came back to discover instead of .30/share profits, my value had risen to >.50/share and I had sold and bought  back all 10,000 shares. So in a nutshell, 30 mins into market open I'm officially up a whopping $5,000.

Disclaimer:

Interactive brokers let me short

Leverage was used as I'm trading on margin

Most importantly, I'm paper trading.

 

Now if you felt good and motivated until the disclaimer, keep in mind just because I made 5k paper trading and it shouldn't matter,  guess what it does! Strategy is all that matters. In as much as you get in when you should, cut losses quickly and take profits as it hits target (allowing it to run when it deserves to) is the thin line between the 10% winners and 90% losers (yes it's a tough industry). Enjoy the rest of your weekend and never lose sight of your goals ...