Unfortunately I was wrong thinking lower high then wrong again thinking breakout fakeout stuffing action. Glad I covered nearly half into the dip then decided to play $3 resistance lvl. I don't regret my short, I would do the same trade in the future BUT i will keep size small and cut losses faster.
Surprisingly it unwinded further than I thought with 0 bounce!!! I covered 3/4 and left 5k shares on but couldn't resist to take profit at $2 mark thinking it may get defended. Was attempting to short into volume driven bounce but didn't get any!
Did the right thing covered half into $3 push but should have left the other half on and gave it 1-2 more minutes to let setup pan out. It turned out nice $3 stuffing action so I quickly sized back in. Minimized it.
News premarket so great opportunity for reshort today! it peaked out premarket at 8am and couldn't make new high since then. So I kinda broke my rule to hold it but small-5k shares into the open and ready to add risking $1.20 lvl. With SSR on it's hard to get filled so I had to be lil early but ready to add if further strength. It did quick spike at the open towards $1.20 and collapsed from there.
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