lost $200ish on BDSI using IB account:
-Longed the stock 1500shares at $6.07 after $6.00 b/o and VWAP reclaim and holds
- I did exercise patience but on hindsight NOT ENOUGH because the downtrend stills holds.
-ignored the level 2 sellers-I noticed whenever it moved up there are tons of sellers appeared
-again my premature entry was due to the fact that afraid to miss out. but this is 50m float stock, so never ever chase it!!! wait for CLEAR momentum shift to entry!!
-this is TOTALLY different from low float biotech runner because USUALLY VWAP reclaim and resistance b/o can leads to supernova!! ADAPT please!!!!
-pretty much all the assumptions I made turned out to be WRONG
-it's okay to make assumptions, but it's NOT okay to trade without CONFIRMATION!
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