Got into premarket grinding action trouble but did right thing by getting out before market open.
Good cover in hindsight but I learned the mistake I made last week always cover into basing action. Had I not taken $10k loss on Friday, Very very possibly I would cover 0 share and reshort BIG at $2.8s anticipated VWAP rejection. Very tricky tho it squeezed all the way back up but too scared to be wrong that I was thinking to ss again at $3.50s but just scared.....it turned out to be all day fader. As a short seller you have to keep trying, don't be discouraged. ss into morning strength is appropriate way to trade but always have stop loss point in the mind.
Good trade but just didn't workout.
Good stop out. Come back tomorrow! GT.
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