6/2_MBOT, CCIH_another day full of unexpected and surprise...that's the market!!

Just saw one of the best quotes on twitter, a big time trader says "I am wrong 60% of time, but when I was right I made a lot of money". Simple sentence means a lot to me which reinforces my strong holding of respect of price action and do what is appropriate to do. This is the game not about being right!!! This is the game about minimize exposure when wrong and Go big when right. The problem is when it's clear you are right the stock always made big move. I thought MBOT couldn't do much more b/c it's already 20% but nope...it continued its downfall.

Main reason I was too busy with CCIH so I ignored it. Otherwise I would put up shares short and adding using $5 as a guide.

Unreal fade off.... straight up Day2 yesterday and Day3 fade. I always once is $6 is a better entry than $4.80 today. The answer depends on yesterday's close. Nasty panic selloff last 2 minutes so I should have stayed short had I had position. Tricky play. and I thought It could spike bit more today possibly r/g but nope...extremely weak. Hard to enter position but you still got do it, make sure scale in with mental stop.

I thought the setup is good but CCIH is truely a speculative play with large institutional ownership. Had I known that from trade ideas I wouldn't asked 18000 shares locate. I would short less and cover into the sub-vwap dip. But anyhow I played the best I could. well done but far from being perfect. At least the improvement was I kept my loss under control. Remember the goal I set for the rest of year: avoid frontside short!!! Any signs of frontside GET THE FUCK OUT!!!! at least reduce size!!