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Here is what is currently happening.
This stock had a huge spike the day before on a new CFO being hired. Chart looked over extended and history showed it didn't hold spikes. I set my risk at prev day close, it looked weak at the open, dropped to 5.40, bounced back to support at $5.50, I thought it would come down so I started a short just b4 10 am. spiked to 5.75. I exited at 5.69 which was .04 over my limit. Eventually came down but I stuck to my plan and I was on the right track.
This was a premarket winner and crazy mover. It was as high as $17 and dipped below $12 on crazy volume I saw old support at $11.75 so I took a position when it hit that support. It quickly went down and back to $12.15 before I could get a sell order in. Spread was huge. I shouldn't have been in this play. I exited on a bounce to $11.25 as I needed to leave for work. It did bounce back to $13 early after open and finished the day just under $12. Premarket trading does not always work for me
