The best trade of the trade was cover ALL at $5.10ish!!! It could easily turn into 5-figure loss!!!!!
I elevated myself to the lvl that I could detach myself from pnl. When it flushed I was up $3k nicely and covered half into dip and my plan was VWAP rejection and faded off but surprisingly it made new high on volume and held so I cut everything!!!! Yes I should have went long but it was extremely difficult to flip. Another regret was not shorting as much as I want at $6.ish. I thought due to volume it would likely make a new high and get stuffed there then pulled but it made lower high. Lesson: you can't go in big in one shot!! You still still size in some at lower high just in case it couldn't continue to climb. eg. taking 1/2, 1/3 of the position. Great cover half into big flush.
Into the late day it got ZZZZzz. $4.50 is key lvl so my goal was $4.50 crack with risk $4.80 lvl. It's tricky that it stuffed then boom pulled cracked the support and reclaim. Classic "crack and grind" action so I went ahead and took liquidity from the offer.
2 mistakes:
1) should have covered all when no selling force is there.
2) Should have sized in bigger when it looked selling pressure near HOD risking $5.50 lvl.
Great entry but difficult to trade due to liquidity. Time stop loss triggered so I ditched it.
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