I let myself get over extended on KOSS this morning and lost well over my daily limit.  It had too much chop.  It was ranging over .50c, I thought it would break up, I bought 40 shares thinking it was gonna go, and it knifed on me.  I was over sized.  There was tooooo much chop in the play.  I should stay away from too much chop and not oversize.

Follow Rules:

• Wait for validation (bullish engulfing candle on key level) before entry (don't just buy because price is at a key level)
• Only allow 5$ risk on the table at a time
• Scale out of working trade, adjust stops
• Don't Trade if average range of bars are over 10-15 cents, or if volume doesn't match the bullish bar.