I returned home to scan TOS and found this stock spiking on ridiculous volume relative to how many shares it normally trades in a day. Trading without a fully thought out plan, I shorted the afternoon breakdown only half of my normal position size and basically scalped it for 8 cents/share.

Made all of my money back on this trade as I detailed in my corresponding blog post ==> http://tinyurl.com/kfbo8mz

I came into this trade with a plan and I followed it to a tee. This loss stung a little, but I protected my account by getting out when the stock went against me.

Started this trade while in public using my cell phone and covered the next morning from my home computer. Making money while traveling / at home / not at a stuffy office is AWESOME! What told me to get out of my short early, despite my morning panic expectations, were the fact that I didn't get the morning panic. And the reason I didn't re-short later was because it crossed the line from negative to positive. Stocks that go from negative to positive can SPIKE as this did.

I foolishly made this trade post-surgery when my mind wasn't fully on. And its because of my two previous lucky trades where I broke my rules yet still made money shorting $SCOK and $SINO that I decided to average up and not cut my losses quickly! At least I waited to short this one into the afternoon fade but it had a Friday afternoon squeeze. Add that to the fact that I didn't pay attention to the sector (healthcare was running wild) and here you have my greatest lesson for the year.

I don't actually remember this one too well - uploading anyway!

I banked when my overnight short into the previous day's spike paid off. Tried re-shorting into a pop and ended up cutting my loss short when the stock didn't look like it would break support. Then, minutes later, it DID break support. Still happy I was disciplined enough to take a small loss. The gain would've been small as well. Whether I take a small gain or a small loss doesn't matter on the grand scale of growing my account exponentially.

I missed the initial super spike from $7.50/share because I absolutely suck at going LONG. But then, I found my opportunity when it started to weaken into the close, anticipating the morning panic, which it did.

I was so disciplined in sticking to my few setups, I missed the chance to short this easy play at the right time to maximize profits. But in the end, I added another setup to watch for when wanting to short an overextended stock that doesn't wait for the afternoon to fade.

With the stock hitting rock bottom, low float, good news, 17M shares short and it holding support all day, I anticipated an afternoon breakout and bought in early to maximize gains. I bought just above support so as to minimize my loss as well. Superior risk/reward.