This nano float thing dinged in RTH (regular trading hours) below $2 so I shorted it, then it went up 360% and I lost $111,470 (plus borrow fees), so I got angry and revenge re-shorted it with three times as much size, just like any pro trader would do, then I scared myself with my position size, which was truly stupid, and covered a lot of it so I wasn’t so uncomfortable, but of course it went straight down and I should have held onto all of it, but it’s one mistake after another when you’re trading on pure emotion, which is how every true pro trades. I ended up making half the loss back on my reasonably sized short from the $5s.

There were a lot of plays today, so I had enough other profitable trades for once to offset all of the mega loss (unlike yesterday where my mega loss in MIRA was NOT offset at all) and actually make money on the day. The whole point of blind shorting is taking advantage of the law of large numbers. If I had somehow avoided the SLRX squeeze, it would have been a big day, but I didn’t so it wasn’t.

There were 17 RTH dings for me today to short, and my buddies told me to start shorting cheapies, which I never do, but that would have been another five winners today if I had, so I’ll start shorting cheapies tomorrow and let you know how it goes.