This week was my first week back trading low cap stocks. I took a break from these and moved to slow, boring ETFs. Trading those ETFs helped me become a more confident trader, but it is a lot different vs trading volatile, low cap stocks. While trading ETFs I also saved up some more capital.

I've studied almost all of Tim's DVD's and a lot of his video lessons. I then studied Dux's DVD and a few video lessons on breakouts and overnight holds. I feel like these are my favorite patterns and are actually the ones that have worked well for me.

My first trades being back:

DCIX had a premarket perk, slight panic selloff/dip, bought in, and sold for the meat of the move. This was my first trade being back and had me extremely confident. The euphoria was awesome, but I had to talk remind myself that tomorrow is a new day and to not be confident over 1 trade.

VTVT had a big after hours move. My plan was to buy in at 2.35 and sell at 3 since I saw the gap from 3 to .65. I got in around 2.55, was up about 10% but did not lock in profits around 2.70. I got greedy and thought it would mag to that $3 area. 10% is plenty and I need to lock in profits while I have them. I paid the price by not cutting losses quick and gave back my profits plus more from the trade before.

MOSY had a big after hours push-up due to earnings I believe. I averaged in at 1.88 and it peaked at 2.42 in after hours/premarket. I should have covered profits AGAIN, but did not because I got to greedy. I thought it was going to have a morning panic and bounce to at least 2.70 which was the 52 week high. I still ended in the green on that trade, but gave up potential profits because I didn't play it safe and cover during premarket hours.

Lessons learned

1. Cover profits when I have them

2. Cut losses quick

3. Take the meat of the move and DONT GET GREEDY (revert to lesson 1 learned)