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This was the worst trade of the year by far. Everyone has a big loss every so often, but it doesn't make it any less enjoyable. Tried to swing this overnight as I didn't have a day trade. 5 minutes before the market close it finally broke down through the low of the day, so I shorted 400 shares to hold overnight as this was looking to fill the gap back down to nearest support of 17.
Entry: Got STT Breaking News Alert that a Beijing company invested in a vaccine that can possibly treat covid-19. I knew this is a hot sector, so I bought it right away, after it was halted. It rose from $6.10 to $6.50s within seconds. Exit: Stock dropped from $6.50 to $6.20s right away. I should have cut losses here. I didn't. End up having to take a bigger loss when it dropped to $5.867. Bad trade.
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