-like Modern Rock said, the scariest one is always the most profitable one. There is no reason to fear it.
-It was up on winning of lawsuit against Apple and got compensated for 600ish million. But fundamentally this company is trash, no net income, etc. My plan was shorting into parabolic movement in the morning but again when it happened I hesitated to pull the trigger. It peaked out at $10 premarket so perhaps I should shorted it risking $10 but it started pulling back when it hit $9.30's so I didn't have chance to jump aboard. Had 2nd chance to short but again I didn't do anything.
-Frankly I was too scared and let emotion take control of me therefore I watched the occurance of entire move and didn't do anything. Afraid of losing, afraid of ruining the last day before leaving to China.
-$5.88 turned out to be the peak. I had nearly the best entry but I was trading very cautiously and cowardly so i cut my loss.
-the main lesson takeaway from it is I should reshort it!!!!! I gave it toooo much time. This is classic fakeout breakout meaning that it did breakout BUT it failed to run significantly which tells me that seller started unloading shares.
-My original plan is shorting para risking $6 and it did get close to it. Remember trading is not exact science! it's in a form of art. You always adapt to the situation!!!!
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