TIM $14,067 (up $87 on the day, $1,269 on the week) No positions, 100% cash over the weekend Today I proved what I have long suspected and openly talked about\u2014I\u2019m good at trading, but definitely not great. I\u2019ve been following QSC and XRM, taking a $130ish loss on QSC yesterd ay and holding 300 shares short of XRM into today. After my flight landed at 9:30am, it took me nearly an hour to get back to my apartment and when I did, I saw XRM down a solid 5% to the $5.40 range. I immediately bought to cover my 300 shares (at $5.43 since there seemed to be some support in the $5.35 range), taking an easy 6% gain ($110ish after commissions) on my $1,750 investment. This was a perfect trade from start to finish as I only risked 15%ish of my assets (conservative for me) and I was never really worried because the stock gradually downtrended (quite perfectly) throughout my 2-day holding period. This is a shining example of a PennyStocking play (just wish the trading volume had been greater--not that I was concerned at TIM\u2019s current asset level). Do I still think XRM heads lower\u2014yes\u2014but I\u2019m not gonna worry about it because I took my 6% gain and I\u2019m out. I know, I know, my target was the low $5 range, but you gotta remember Fridays are difficult days to stay short (as evidenced by XRM\u2019s subsequent late-day bounce (even though it couldn\u2019t hold it)). My after-hours decision to buy to cover my 500 shares short of QSC yesterday at $4.35 definitely hurt, but it\u2019s scary how well I knew there\u2019d be an early morning spike today and that it wasn\u2019t worth the risk holding overnight. In the afternoon, I actually ended up flipping my negative stance on the stock by buying 800 shares at $4.70 (a rather sizable 27% position for TIM) on the breakout (of the previous day and today\u2019s initial spike). How could I just flip like that? It's easy--the price action told me to be bullish! In time, I still think this stock trades lower, but I\u2019ve been wrong before and I knew the gradually uptrending price action would scare many shorts into buying to cover, helping the breakout occur. Well, I was right that the stock did breakout (eventually going to $5+ within an hour), but I got scared out due to the price spread ($4.68 x $4.76?!?! I hate AMEX stocks!), selling my 800 shares at $4.76. It was a puny little $30 gain (after commissions) and at that moment, I realized I\u2019ll never be a great trader\u2014I simply lack the patience\/bravado\/confidence to profit from my convictions\u2014I\u2019m just a scalper (which isn\u2019t that bad considering it\u2019s how I made my millions in the first place\u2014I'll just never make tens or hundreds of millions (at least not from trading, hehehehehe). This was a $200 gain if I had the guts to hold and even though the price is now waaay off the day\u2019s highs (making the breakout a fakeout breakout, a very bearish sign (but I\u2019m not risking it)), those highs were still made and they were predictable! TIM Lesson: Friday short covering, breakout and momentum buying all mixed together are a recipe for higher stock prices. And, this is why I aim to be a great teacher rather than a great trader\/investor. More importantly, this is why I think my teaching will create great traders\/investors who will make far more money than I ever could\/have. And that thought is what drives me. PS Other stocks I\u2019m watching\u2014CYGT, good buying, volume still anemic, I\u2019m happy I sold TIM out at 11 cents. (If you read my book, you\u2019ll see this is a special situation and is not representative of the stocks I typically trade (I usually stress liquidity\/volatility\u2014I only bought TIM in because the risk-reward ratio along with the short-term catalysts made it worthwhile). GSOL\u2014good bounce, glad I\u2019m not a fundamental short seller\u2014I\u2019d lose my mind wondering how this stock could ever go up here. SMRT\u2014hey, it\u2019s still a good short\u2014oh well; risk-reward wasn\u2019t great. CSIQ\u2014hey, you finally managed to hold your daily gains, congrats! Still too steep a chart for me to sleep well at night if I were long. Warning: Timothy Sykes and the Easter Bunny have positions in CYGT. Please note that due to factors including low market capitalization and\/or insufficient public float, we consider some of these stocks to be small-cap stocks. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.