So, this is my first month of trading penny stocks. I did all right. I have two main goals in the next month:

1. Have a better and more concrete plan before trading. This will prevent me from entering in impulsive trades. When a stock spikes, evaluate this stock for at least 10 minutes before making a decision.

2. Don't adjust stop loss level, ever! When a stock hits the stop loss level. Get out! Don't have the mentality"oh, maybe it will come back." NOPE, that is how you blow up, especially on shorts.

Now, a few things to keep in mind:

When doing stop lose, Don't have to get out right away. wait for a bounce of something. But have to get out within 15 minutes.

Try to keep your emotion under control. Your heart should not be pumping super fast when trading.

Don't be scared when some of your profit disappear. Especially when the prices moves so fast in the morning.