1. If you feel like you're chasing, you shouldn't take the trade. It's important to be comfortable in a trade.

2. When you have a hard time pulling the trigger, if you have a plan where you know exactly your entry price or exit price, you can put in your orders ahead of time, so that you don't miss the trade and don't have to be afraid.

3. It's good when your intraday trade ideas align with what big picture is telling you to do.

4. If you can's answer the question when should I be out of the trade, you shouldn't be in it at all.

5. When you've missed a play, just let it go. Wait until it shows a great setup again.

6. If you want to do shorting into strength strategy, you have to be very careful with it. You need to go in knowing your strategy, knowing your plan, knowing your risk level. What point on the chart you're trying to play off. Whether it will be daily or intraday level, when it breaks, you gotta be able to cut it.

7. When you have a very small account and you go all in a lot of the times, remember to have a specific amount that you're willing to lose. And cut your trade once you reach that amount, so that your account doesn't blow up.

8. The first time a stock is retesting its previous high, you can expect it to fail; but the second time and next you can anticipate it breaking out. Double tops are good to short. But tests beyond are a lot riskier.

9. A breakout after three straight up days is not a certain buy, it may not go anywhere.

10. When there's a morning spike on listed stock, if you can see those big bids that are pushing the stock up, that is the sign that a top is near. Big bids scare people, drag the stock higher, get shorts to cover, get longs exited to chase. Usually the person who is flashing that bids is a person that is selling on the offer; and once they sell their shares you get a pull back.

11. On listed stocks the chart is more important than Level 2, but make sure to still watch it to see the turning points.

12. When you're down on a trade, but your risk level has not been reached, you can still add to your position. But when a stock breaks your risk level, you gotta get out.