1. When a stock is up without a clear catalyst, let it spike, don't trade it.
2. Trading is a moving target, you have to be adaptable.
3. Find out what is the pattern that you're comfortable with, recognize what you do well and do it again and again.
4. It's much easier to cover a stock when it's going down, rather than covering into a spike. Because stocks tand to move fast.
5. Low float stocks are very dangerous, as quickly as they go up, the same way they go down.
6. Focus on clean charts with a catalyst (e.g earnings win).
7. If you have a tiny account, when you're in a stock once the momentum has changed, take your profits, if there's any, and GET OUT.
8. Financing is typically done at discount prices.
9. First thing you should do when you pull up any ticker, is look at a long-term chart.
10. The majority of stock plays are not good setups.
11. Shorting is more predictable than buying, because you can't say how far the stock can go upwards, but you can anticipate the downward move.
12. Short low float stocks after the supernova or a big runup.
13. Don't get obsessed with one setup, there's always good plays. Especially in this crazy market right now.
14. Play the trade out in your head before entering it. What will the stock price supposedly do? What are other traders thinking at the time?