1. A lot of times better trades would be those less interesting, less exciting, not that everybody is trading.

2. It's not great risk/reward to short on the first day of the bounce of stock that is 40-50% down from its highs.

3. Don't randomly look to trade when there's nothing in play.

4. When there's negative news, but the stock spikes, means that it's all shorts who are already in the stock are covering, that's why there's no shares to short.

5. Success brings confidence. You don't want to be confident before you're successful, otherwise you will lose money.

6. The best trades will stand out above the rest.

7. When you don't know what to do - do nothing.

8. It's very difficult for a multi-billionaire company to surge that much.

9. Don't short earnings winners and billionaire plays cause they can keep going.

10. Look for stocks that move predictably.

11. Stocks don't move straight up. After having a big move, a stock needs to consolidate before going up more. 98% of the time if you buy a stock after a big move up, a stock is going to dip.

12. The only time it makes sense to buy into a big spike, is when you have news that just came out and there's a reason to believe it will keep spiking.

13. It's very common for biotech's to do a financing after they post good news.

14. If you're right on a big picture, you can mess up with many details and still come out ahead.