I didn't trade much for the first few hours, I was being selective with my entries and if it didn't get there, I wouldn't take the trade. For example, I wanted 3.39 to short on AMPE and it got to 3.30, also wanted 3+ on BIOC on the initial parabolic but 2.98 was the top. I missed GENE short because I didn't have shares and that was the "easy" short on the topping action around 6 after the huge gap up. Once BIOC finally got above 3, I hammered in short with poor entries and too much size, when the setup wasn't even good anymore, I was just waiting for 3+ but it had now gotten there with slow consolidation on the way up from 2.80's to 2.90's and after 4 previous attempts which makes it much less of a short, there is a much higher chance it will keep going higher. I started shorting only 5 cents above the breakout and then added more on the way up and didn't cover any for breakevenish when I had it into the 3.08-3.12 dip and I was already in way too big.
FOR NEW READERS ONLY: If I am scaling in and out of a position, that is considered one trade until I am completely out of the position and then it becomes a new trade, that's why some trades have a lot of shares, even if I never had that much at once, if I cover half and then re-add my cover, it's still considered one trade until I am completely out. The entry is the average of the entries and the exit is the average of all the exits. The entries/exits are rounded to 2 decimal places, but the exact number is calculated for the PnL, so that's why the dollar amount may look different than what you see. (it may be 7.165 instead of 7.17, etc). Also, you can click on the charts if you want to make them bigger to be able to better see the entries/exits.
AMPE
Huge gap down starting at 8:30 EST from 7.87 previous day close on negative biotech trial results. I saw it around 3.80-4 and didn't short it, it faded to 3.20, bounced back to 3.40 then faded to 2.83. I went long 1000 shares at 2.85 and sold immediately at 2.99, this was at 9:28 and I didn't want to have any position into the open. It held around 3-3.13 for 2 minutes then hit 2.85 on 1m+ volume bar, then bounced back up to 3.30, I was ready to short at 3.39 and willing to add more on the way up to 3.50 or so, but it failed at 3.30 and then was 2.50's less than 30 minutes later. 
| Type | Entry | Exit | Shares | +/- $Amt | $ PnL | % Pnl |
| Long | 2.85 | 2.99 | 1000 | $0.14 | $140.00 | 4.91% |
GENE
Former runner, big gap up on positive news from 4.23 previous close to 5.36 open. No shares to short, I missed the long on the 5.50 HIGHER LOW in the dip, and it went straight up to 5.90, then touched 6 about 10 minutes later, topped out and slowly faded from there. I went long 1k at 5.46, 1k at 5.43, and sold 1k at 5.48 when there was a big seller at 5.50 that it couldn't break over (I was still thinking it could pop over it but wanted to sell half just in case). It popped to 5.54 and I sold the rest at 5.54 for a quick scalp which is all I was looking for, the "easier" trade was going long early on or shorting parabolic's and lower highs.
| Type | Entry | Exit | Shares | +/- $Amt | $ PnL | % Pnl |
| Long | 5.45 | 5.51 | 2000 | $0.06 | $130.00 | 1.19% |
BIOC
Former runner with positive news today and it had nice steady uptrend all day, absolutely perfect VWAP holding as support at 2.60 and 2.75 and it ramped much higher from there. I was waiting patiently for 3+ on the 2.60-2.98 ramp and it failed at 2.98 and faded to 2.75ish, then held above VWAP perfectly and bounced from there. I was patiently waiting for 3+ to short but I was so set on "short at 3+", I failed to realize that the LONGER it takes to get there, the LESS of a short it is. It held more higher lows and trended 2.85-2.95, I was anticipating a break over 3 but was so set on shorting a 3+ push that I didn't go long. When the 3 break came I was looking for 3-3.10 area to top out and fade back down but it spiked much further and I was already sized in around 5k shares 3.07 average (starting from a bad 2000 share entry at 3.03, afraid I was going to miss it if it failed to stay above 3). I added to 10,300 shares 3.11ish average, it had hit 3.23 and then dipped to 3.08 and I missed covering a single share from 3.08-3.11 for breakevenish. It ramped to 3.35 and then slowly topped out from there and eventually broke 3.23ish and faded down to 2.98, I covered everything 3.18-2.99 for a tiny profit after being down $2000 unrealized, another terrible trade that I got lucky on. It bounced perfectly off VWAP again to 3.15ish (my last 2000 shares covered at 3.03 and 2.99 were perfect), I then was reshorting on pops but only got 300 shares filled with 3.14ish average and tried to cover at 3.09 and only got 100/300 filled (still 200 left). I added more on pops and some "bid slams" adding to a winner, and covered it all around 3.10 from 3.15 for a tiny scalp because it wasn't breaking down very much. There was a 80k seller at 3.09 and that got taken out and it popped to 3.14, then came back down to 3.08ish, then straight up from 3.10 to 3.40 in the last 5 minutes.
| Type | Entry | Exit | Shares | +/- $Amt | $ PnL | % Pnl |
| Short | 3.11 | 3.08 | 10300 | $0.03 | $304.00 | 0.95% |
| Short | 3.15 | 3.10 | 3500 | $0.05 | $169.00 | 1.53% |
- Lessons:
- Do not add, add, add so much so quickly, and never be in that much size at once (my MAX size is now 7000 shares and I have to plan out my whole trade around that max size)
- Do not short right at/after a key breakout level after it has been SLOWLY grinding back up ("HOD rejections" and "Double Tops" only work on the initial move/topping out area, they DO NOT work after it has been slowly grinding up and is retesting a key level after multiple attempts)
- Follow the trend, do not be afraid to buy an up-trending momentum stock with a solid base at VWAP (Great risk/reward, 1-5 cents risk for 10-30+ cents reward)
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