some patterns

The basic patterns that nate uses for longs and shorts are:

Gearing / Perking
Late Day Fades
Parabolic Shorts
Red to Green on a recent high average daily range stock

also he mentions in chat that many people mention HOD. that makes sense if you want to capture very short term profits by shorting when it reaches near HOD or LOD.

Also, I mentioned about having goals to develop myself in a learning capacity in regards to the market. It is always good to learn.

BUT it is more important to put in place what you learn. So I need to also set goals each time I trade or each week/month on what I need to improve on and ACT upon my goals. Not just learn, learning will only take me so far. But creating feasible/tangible action items for physically improving is vital.

I want to improve my risk management techniques and also execute less trades. Maybe only 1 or 2 trades a week that I believe are TRULY worthwhile. I will set a limit of at maximum 2 trades per week, which will allow me to focus more on finding setups I believe are going to go in my favor under the right market conditions. Also, I want to document my trades and my thoughts and my exit plan / entry plan on each trade I place from now on.

Currently holding on to $CLSN @ 5.00, short 300 shares. Will cover if it closes over 5.20. Plan on holding for 1 week, however, if it falls very steep which is what I believe will happen, I will and hold until the selling dries up.