10 Things I Learned From Watching My DVD This Weekend

Tags: DVD

10 Things My DVD Taught Me Over The Weekend

• I’ve been trading waaaay too much, I should focus only on the most perfect of chart patterns, that being those of stocks that have risen 50%+ on hype within a few days (as scary as it is to short into a hot sector) and none of that gradual crap (there’s only a few of these each month). This is why my short of (Nasdaq:DSTI) is right, so I’m going to try to hold onto it for a few days/weeks and aim to capture 50 cents - $1/share on the downside.
• Time and again, I’ve forgotten the rules I’ve created over the past decade, you guys really need to keep a trading journal and review it often (since I’ve always been stubborn to keep a journal, I’m glad I created this DVD, it’s much easier to review!)
• Scalping for a few cents here and there is a waste of time, gotta aim for opportunities where I’m confident enough to risk losses in the pursuit of large profits. Stay 100% cash until such opportunities present themselves.
• Never, never, never short a company just cuz it’s crap – most penny stocks are, but shorting too early is how short squeezes are created. Gotta wait UNTIL AFTER THE STUPID SHORTS GET SQUEEZED, pushing the price up to unsustainable levels and when the momentum/volume fades.
• Ignore the optimism of microcap investors/management/analysts – out of the thousands of microcaps I’ve played only (Nasdaq: BOOM) has ever made it, sad really.
• Similarly, gotta not be so afraid to go long all the microcap junk when they get in play, as evidenced by (Nasdaq: AKNS), the upside is far greater than the downside.
• Being honest with yourself is soooo important, don’t be stubborn and not fess up to when you’re wrong, just cut losses and move on.
• Trying to time your trades perfectly is a waste of time, you gotta just try to catch the meat of any move.
• Microcaps really are an undiscovered gold mine, thanks to Wall Street snobbery, they’ve left this niche to hipsters, manipulators and amateurs, so that’s why technical analysis works particularly well here – it’s all about perception and greed, aka human nature aka easily predictable if you look at the motives behind the players involved.

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