1. The sooner you can get to the point where you just focus on probability, let go of any emotional attachment to the outcome, the sooner you gonna become consistent.
2. Low floater, earnings winner, former runner are three catalysts that can make a stock run.
3. Wait and see till the move happens and then use historical models to judge how the stock is going to move later.
4. Don't chase stock when it's up more than 100%.
5. Use both technical analysis and Level 2 to predict short-term support levels.
6. You should have conviction, not confidence.
7. To differentiate a dip from collapse, look at Level 2.
8. Don't try to make back losses, you will probably blow up like that.
9. When a stock breaks new low, it pops up on many traders' radar and those traders are most likely short sellers who will short and thus push the price even further down.
10. On low float stocks you should only buy in the afternoon if the stock was up substantially, then it dropped a little bit, but it's still up on the day day and is just in consolidation.
11. Some press articles get so much hype that they become news.
12. In trading you have to develop confidence in a situation where the result is always uncertain. Feel comfortable being uncomfortable.