Shorted this after second spike failed, stock fell below VWAP and 10EMA indicated downward direction. Planned to hold until anticipated afternoon short squeeze. Covered into the squeeze. Still 50-70 cents of downside on this for another possible short on Monday.

Shorted into what appeared to be a panic, however as I shorted stock went into consolidation and began to reverse trend on positive news. Exited before loss.

Shorted this afternoon as it feel below VWAP. Expected more than a one day spike, however downward trending and volume faded significantly. Would have liked to hold, however next day morning schedule prevented a trade. And I was concerned of further spiking. Stock dropped .50 the next day.

Back at it after taking the summer off (work peaks May-Aug). Time allowed me to fund my account beyond PDT limitations. Able to spend more focus on technical analysis instead of trading overnight. The market behavior has changed since my last trade. Picked things up where I left of - CHK. Went red on the day from yesterdays close by .60. Sold into consolidation as 10EMA indicated an upward trend. Did not plan to hold overnight.

Weekly oil reserve surplus announced. Seen this before. It appeared momentum started to shift against me. Cut before potential loss. It was just a bounce - should have waited for big gains! Third short in a row I did not give enough time to let it develop.

Cut losses. Got in mid-day, probably not a good idea.

First trade with eTrade. Kept going up so I stayed with it.

Was not moving as expected.

Good short, but happened sooner than expected.

Don't mind the loss - so many lessons learned on one trade. Still trying to balance trading with a full time job. Learned Monday morning spikes are not for me unless I have the day off from work! From there it kept getting worse.