the second part of trade 15. I split it initially, in case the market reversed---but I didn't have to wait long to find out. Cost me about 400 hundred of a move I would have had with the higher-priced option, though. Combined, over a thousand in a day---using a little under 1100. nearly 98% or so profit together!

15th Trade using my own system. I didn't have the guts to hold the trade halfway through lunch, even though that is what I had planned to do. Had I held until the high, I would have nearly doubled this profit, but still feel like I hung in there pretty well, being it took 15 minutes. it was AMZN, and I bailed out at 916 from open.

Trade#14 of new strategy. Goofed up this trade on three fronts! Ouch! First mistake was letting myself be distracted. I was looking at the profit.ly chatroom and missed a $6 move I had been waiting for--the whole thing in about 5 minutes! Second, I bought puts. I wasn't thinking straight in such a bullish day for Amazon. I wouldn't be able to hold longer if trade went against, and it did. Third, poor risk managment. I had my chance to get out break even and then again at 450. Passed over both.

Trade #13. All in all a good trade! I nailed the entry just five cents above the bid and within four minutes exited the trade; however, just minutes later I would have had an additional $400. A bit premature, but I played it safe and passed up the potential reward.

Trade #12. My shortest trade yet!! I'm proud of myself for not getting greedy, but this was not the day to cut out of my trade so soon!! I missed out on about $350 more in the next two minutes. Had I held halfway through lunch, I would have profited $1100 more! I conveniently forgot I had a whole week's worth of time value left on these option contracts until after I had already exited. When I'm in the zone, I just forget certain key factors!!:) The charts even looked good for staying in.

Trade # 11. A quick daytrade with option contracts utilizing a new short-term trading strategy. I know this has nothing to do with penny stocks, but this is what I do lately.

Trade #9. This is what happens when you don't do what Tim repeatedly states----CUT YOUR LOSSES EARLY!!!!! I'm really not sure why I'm such a glutton for punishment--just am. I could have easily cut my losses at 500 or so.

2nd pennystock trade. I didn't have a day trade this particular day like Tim, so I couldn't trade after-hours and make some quick money. Cut my losses on this one as quickly as I could , considering my alarm didn't seem to wake me up for pre-market. It has worked dependably every other morning to this point in time. Go figure! That cost me an extra $40.

#10.My brokerage messed me up on this one! I had a $225 profit on it and would have exited the order with profit, but some crazy brokerage rule about crossing over the margin minimum made it to where I had to call it in for the day on telephone. Cost me a couple of minutes, and by that time I had lost the trade. The trade bounced back to $140 of profit and later $56 of profit---but I ignored both opportunities. Charts showed I should have bailed out with the first bounce. A good trade gone bad!

1st Penny stock trade for awhile.I got spooked at holding this trade longer because of my past experiences. I usually don't see a stock going for gains while it is falling, so I covered and bailed two days before it became $500 profitable! Oh well! It was a good "in" anyways. Tim would be proud of my entry anyways.