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Left a lot of money on the table on this one. 1) It dropped to $6.05 for just a minute, where I could have covered for a $200 profit. 2) Then it stabilized at 6.10-6.12 for 2 minutes where I could still have made about $150. 3) Later it came back down to $6.09-6.10 area for another two minutes giving me the same chance. And of course I covered on its way back up. Got to be ready and be out, locking in profits.
Good entry, with HOD as my cover. When it could not break down $7.95 in the morning and spiked to $8.15 I got freaked out and covered. It turns out that I was correct and dropped to $7.60 3 hours later. Need more patience with shorts and it is a lot slower process than longs. Don't need to freak out and cover until my stop losses hit.