Derrick leon took 6-figure loss on it!!! unreal movement!!! Glad I covered majority yesterday a/h and leftover today before the shit gets worse!
break-thru designation lol so fuck it I am short biased using premarket high as ultimate guide. Starting to short initially at $6.10 for $6 fail but didn't get that and I didn't stop out. Every single move to above looked stuffy so I kept adding to the moon. At the peak I had 30k shares position and down nearly $20k!!!!! ridiculous!!!! Lost balance today but again got conviction so stayed on short. Bailed out okay but man it's not a good trade from the beginning!
thought this one got tons of retails involved and it will snap and continue downward nicely. Nope!!!! Higher lows a few times and could have got out 1/3 if not 1/2 into those dips but didn't!!! Huge position due to chart reading, homerun mentality and conviction!!!! Well no matter how confident you are, ALWAYS cover 1/3 if position is big!!!!! rollercoaster trade!!!
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