Thought it is like AUPH but nope, it kept going and glad I stopped out all before the open realizing nearly $10k loss. Not a good start but I was able to keep my head clear and shorted the push and I thought the rest is easy it's gonna fade back down to where it started.
Well it's not going as expected. Massive divergence from my plan in my head. I got 2 opportunities to take profit BUT I didn't!!! Each time it bounced $1 above from the low which caused my pnl swing dramatically. I even saw the "relative volume" red flag down there but just frozen and waiting waiting waiting for the coninual bleeding. Didn't respect the price action and volume!!! BTW this turd is under Tick Pilot program and double digit so it shouldn't be treated as other low float low price runner. I ended up covered mid range then reshorted waiting for EOD crack again trying to force things.....Turned winner into loser. And the size I was using was absurd-20k shares with $11 average!
Doesn't matter how good of trader you are and how long you been trading and consistent performance you had in the past, if you don't respect price and volume, you are destined to die!!
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