Was short biased from the get go and thinking that all the shorts were out due to craziness yesterday and now lots of longs chasing it but again wrong!!! I located 2k shares and used them all. It was a strange feeling that I think pullback is due. It did pullback BUT failed to crack below $10 and that's HUGE red flag!!!!!!!! $10 is the top of 2 days earlier. So I covered all and longed some.
Ended up having 1200 shares long with avg $10.86 and sold 500 shares at $11.42 for 2 reasons: 1) it was chase long 2)I am not quite sure if it could keep going or not.
Glad I kept 700 shares and got out near $14. Then I avoided it the rest of day b/c I wasn't sure whether it could unwind or hold up and do EOD squeeze. No guessing game so I stayed away.
This is the trade that got me fucked again. Again I don't regret my entry. I saw it stuffed so took short but the real problem is as soon as I realized I was wrong I didn't go ahead and do the right thing by taking whole position off. I did try to cover some at $2.37 but for whatever reason I canceled my order when it was filling. I thought hey sellers appeared maybe it was about time but wrong AGAIN!!! It went to full panic squeezing mode all way to $3. I got lucky that ss near the top and covering whole position in the pullback due to horrible average. Glad I did that b/c this is what happens later.......
Then I did midday ss but it was emotional and reckless entry. I chased down the weakness and got emotional and bailed myself out then next minute it cracked lol. I threw patience out of window and paid my price.
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