My first day, Like Most People I was to anxious. I made the mistake of chasing two stocks that I should have let run. I started the day like most traders, watching the Pre-market runs. I had four open charts and the chat room, bouncing back and forth between eight different stocks. When the market opened I waited about 10 min just to see what would go up and what would go down. about 25 min in I thought ENRJ was starting to run, so I jumped in with 1000 shares at .399 a share... The active trader and level II appeared to have buyers above the .40 mark, and I was thinking I will just get out around .45, That would give me a $50 profit.... With in 10 min I regretted it, ENJR was plateauing at .40. as fast as I could execute a sale it was dropping. I managed to sell all 1000 of my share at .37 a share, that is a $.029 a share loss for a $29 loss. Feeling a little discouraged I just kept telling myself that getting out as fast as I did would have been better that ridding it out. sure enough it was ENRJ closed out at .32 a share and its highest peak since my exit was .36 a share. Around the same time as my ENRJ purchase, I Purchased 1000 shares of LBIX, it had shown a past of great early morning spikes and looked to be in one. Thinking this could be a good .15-.20 a share gain I jumped in a 2.01 a share, two days prior it peaked at $2.25 a share, and two days before that $2.52 a share, all within the first hour. thinking it could at least do $2.15 a share that would have given me a $140 dollar profit. I saw Volume at 2.05 a share and that gave me hope that was short lived. Within a few minutes LBIX was falling fast. Based on recent performance it was not going to hit 2.00 anytime soon. the only thing I could do was get out. That is exactly what I did, I was out at 1.91 a share.. A crushing $100 dollar loss. With two day trades in and my account under the PDT limit I was left with one day trade left, and sitting at a -$129 opening hour... My spirit was crushed. Not about to waste my day trade on another potential loss. I decided to switch over to my paper money account. With the combination of some over night holds and practicing short selling, I managed to be up $3000 in two hours. All I could think is I wished those were real trades.. It was easier to make money with a $100K account and no PDT limitation. I called it quits to go interview for a 2nd/3rd shift job. Since I Live in the EST zone that would work out for me, trade buy day and work by night.. I was home by 3 PM just in time to Watch the markets coming to a close. After watching a few and analyzing how they have closed out before and opened the next day I went for an over night hold on 3 stocks. Trusting LBIX's history of early morning spikes when there are closing risers I bought 300 shares at $1.72 a share. Since BTSC has been on a run and it being so cheap I to pick up 1000 shares at .0977 a share. Then there is SDRL, I bought 700 shares at .4114 a share for the same reason as BTSC. by the time I have reached this line SDRL is sitting at .425 a share and seems to still be rising feeling fairly confident that SDRL was a good choice. At The end of the day I can say that I made a rooking mistake by chasing stock that I should have sat back and watched. On a positive I was taking Tim Sykes, and Tim Grittani's advice and cutting my losses early. Keeping positive that tomorrow will be a Positive day and I am looking forward to seeing how my overnight pursuits end.

PS: (SDRL .44) =)