Applied DNA Sciences (APDN) was the stock du jour, doing 122,000 trades and $295MM in volume … it was hard-to-borrow and I paid my brookie (newly coined) between 10.72 and 18.4 cents per share (weighted average 16.73 cents per share of $1,673 per 10,000). Let’s briefly think about a small account attempting to short hard-to-borrows … say they borrowed 1,000 shares for $168, think about how perfect their timing would have to be to justify that kind of expense? This stock was at $13.07 pre-open, up from a $6.63 previous close, so plenty of range here to justify the cost, but that’s not always the case.

Bros who have no method and just randomly get in, more or less, are fine when things fade all day, and they can pay their borrow fees then, but what about the losing days? Fees will destroy the little guy who is trading randomly (no consistent approach).

MVIS came on my radar late because it was a sub-dollar, but it did 205,000 trades and $302MM in volume. IB had no shares anyway. Other actives were CODX (no shares available at my brookie), RVP with 54,900 trades … I was short RVP (it tricked me in), and it ran hard in the afternoon … if I were risking to Grittani’s $5,000 high of day, I would have lost that much, but I don’t risk to high of day. VSTM was active … AGRX, FLDM I traded at IB since they had shares.

Good day, big win on APDN with a lot of shares and I was pleased with my trade management in it. But tomorrow is another day and you’re always one trade away from going on tilt, losing everything, and disappearing from TWTR forever and ever.