This week is green with profit being ~$1200. I mainly practiced shorting on IB and ETrade and made couple of big wins. 

I am getting used to the volatility of penny stocks. However I am still lacking strategies in longing. 

I have watched lots of videos this week and now able to catch the key words in Tim's preach and am continuing summarizing the patterns/strategies and hopefully will connect the dots soon.

I made my own watchlist. As I mainly practiced shorting, I looked up the big gainers which overextended or gapped up the day before.  

I need to find a niche that fits my personality. It seems I am more comfortable with shorting. It is still too early to draw the conclusion as I do not have a picture big enough yet. 

Need to overcome:

(1) Overtrading

The profit was deteriorated by small losses from the trades made after big wins. Be a sniper.

(2) Greed 

Often expected a large profit and hesitated to get out when the trend went against me. 

Need to strengthen:

(1) Price action/tape reading

(2) Trading plan