$15k loss realized after closed my trade. Was risking $30 and thought lots of resistance due to premarket action. To my surprise the price break through $30 and pulled back and held above $31ish and I realized was in trouble and had to take pain closing my price.
Did the right thing covering all. Nice late day reattack and made some money back but the price action was too choppy and hard to read!!
Shit in my head when I was trading it. The loss from LJPC set me on fire and I was determined to use size and make money back on next plays and there came HTGM. when it pulled below $2.40 I was up 5-figure BUT didn't take single share off!!! and yes it was "crack and grind" action and turned my winner into $20k loser!!!!!
Here comes mistake #2: I caught near top and when it had hard crack but hugging around VWAP I only covered partial. Then I added it did another "crack and grind" action and reclaimed then BOOM again and squeezed my position to the moon again!! At the end of day $20K on it!!! Totally totally avoidable had I stayed calm, cool, rational and dettached from p&l and treated each trade independently!!!!!!!!!
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