CLSN is a tough one!! read it wrong. Had news in the morning on offer cancellation and the fact that it's heavily shorted name so I tried to long it but the volume just wasn't there. I ended up taking it off realizing loss. Nothing huge and I don't regret my entry but the only thing I did wrong was not sizing down when it failed continuation like it should be.
Then market open and boom it had massive slamdown which makes me think hey this one is toasted and I planned to short risking VWAP but again it didn't just pop and reject but instead it pierced through it and continued to ramp. Instead of taking the first piece off I added to loser and snowballed the loss which is the same mistake I used to make lots of times before. At the peak I was down $7k and I was honestly ready to take the offer and get out but the action seemed stuffy to me and Nate also mention in the chat it could stuff any moment and gladly it did what we expected. I sized out some reducing the damage so I could add back in. Then when it cracked below $3 I really thought that's it, this shit is over but to my contrary it started to base at $2.90. Gave it time but didn't fall and I saw volume hitting $3 so i said fuck it imma out.
MOSY was a good trade. Shorting thinking r/g fail but instead it trending and breakout so I stopped out. small size.
I fucking hate tick pilot!!!! hard to trade and you got be very cautious on entry and exit. Can't slam!! didn't pan out the way I wanted so cut it.
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