this is not a 1 or 2 minute volume push short. This is the trade you need to focus on big picture idea with set risk. I made mistakes but did a few things right as well. Glad I covered everything before the open. Glad when dips held I covered without hesitation. Lots of divergence and unexpectation. Never thought it would grind all the way up and even breakout HOD and held. But again given massive volume anything is possible!!!! It did classic breakout fakeout HOD whole dollar market stuffing($5). Due to fear I didn't size in enough when it almost touched $5.
covered all cus I don't want headache and I want to stay objective and without influence of position.
surprisingly it faded further than I thought. Every pop got sold off!!! I was influenced by Shadkin and when I missed the best entry point it's extremely hard to trade it with size. Any point I entered the trade could turn out to be reversal point. 20+ million shares traded today!!! trading is a mental game. When you get exhausted on the front side it's hard and many times extremely difficult to attack on the backside. And the problem is due to massive volume I always have a feeling what if it did "crack and grind" which happened a lot in the past. Market always changed!!! Small gain/loss makes no different on the long run. In hindsight it's easy to just short each pop but trading is real time it's very hard and even harder and unclear in the morning. I started becoming more and more cautious when the stock trading above 10million shares by 10am which tells me that the spotlight is on it and highly likely get more volume through the day but CLSN just proves that this thesis isn't correct. I even did my research premarket and saw CLSN has history of making offering. Offering+R/S =dillution!!!! Saw refreshing sellers on lvl2 and downtrend holds perfectly but of course everything is in hindsight. You can't got back and make change. Remember HTGM, all it takes is a few min green candle I lost 6 figures. Make decision and escape plan. Don't second guess yourself.
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