1. Huge mistake of beginning traders is lack of patience as to when to enter the trade.
2. Premarket find two-three best setups and watch them closely.
3. Discipline and rules are the most important to be successful.
4. Look closely on how much debt a company has, that's how you can estimate whether they are just raising money with the stock price.
5. For biotech it's okay to have no revenue, cause they may just be working on their product.
6. Being meticulous differenciates a profitable trader from not profitable. Know the indicators.
7. Don't hold the stock through earnings.
8. Don't be afraid to cut your position, protect yourself from big losses.
9. Bet against companies with no news and no reasons to spike.
10. It's better to miss a play and be disciplined than to take a trade because of fear of missing out.
11. You don't short stocks that are barely up.
12. Never put yourself into position where you blow up.