School sucks! Earlier today I was long of IFON and saw that the price had dropped about $0.5 per share to $19.50... should've taken my profits since I got in at 17.40 yesterday. Unfortunately, I had to start writing a history test right before the market open so I couldn't keep an eye on IFON. Unfortunately, I lost $800 within 40 minutes (only paper trading). Thankfully I gained some of it back with WTW, ERII, DRAD, and CSTM. I also got into WTW a little too late, but ended up making a couple hundred on the stock, but I'm not to proud of the scary trading (buying and selling too many times within the day). I have to learn to stick to my gut and take profits. After watching many of Tim's lessons I didn't think it would actually be that hard to do such a thing, but emotions easily take over and I become greedy (maybe not you, but there are many others who are). Another problem I need to resolve is the fact that I'm scalping so much; I've been buying and selling relatively quickly because I'm scared that the stock will plummet within a few minutes. It's because I have already been burned twice already with EFOI yesterday and IFON today. It's good that I'm only paper trading at the moment and learning these lessons early so I learn my own strategy and develop it when I seriously start trading. If you're a new trader and reading this, I, like Tim and many many others, really believe that you should start (paper) trading by yourself right from the start. It develops the skills you need to be absolutely self-sufficient; that's why I only add some of Tim's picks to my watchlist only after I have done some research and picked a few by myself. I know Tim has said this many times, but DO NOT do what Tim does in his Tim alerts. Make your own decisions and use Tim's alert as a supplement to your trading strategy. I'm sorry if you're highly experienced and you're reading this because I feel like I'm wasting your time with what a beginner in high school has to say. I've learned my first few lessons first-hand and hope to carry on these lessons to my second week of trading.

P.S. Don't think Tim is wrong with the fact that the only thing that matters about earnings is how people react to it. Looking back at CSTM, it had a -0.467 EPS yet it still surged 40% in a day. Never knew he was right to such an extent. Either way, because of him I kept my eye on the stock and made some satisfying gains. Thanks Tim!