I have watched The Trader's Checklist video series, all of it, over this weekend and was so excited to research and prepare and maybe get in on a little action with my paper trading account, only to find out it was Labor Day! Hahaha, how's that for a first attempt at serious daytrading? I do not live in the US, so do not think I'm stupid for not knowing, I can do that all by myself. So, I felt kinda foolish, but it gave me another day to focus completely on studying.

I plan on treating my paper trading account as if it were a small account. 100.000 dollars is nice to play with, sure, but it will, in no way, reflect the kind of profits and losses I will have once I start trading for real. So, I will be paper trading small positions. I did short 500 shares FSNN on Friday @ 3.19, but can't really remember why exactly (other than that it was on the watchlist) as I didn't take entry notes. Note to self: take notes! :)

Just covered all 500 FSNN @ 2.93 and took a profit of 26ct a share as I didn't see the price action I anticipated and the volume seems to be quite low. Was I too quick to cover? I don't know, will keep watching the stock to learn about morning panics and morning spikes.