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shorted this after it started crashing. entry was good as i waited for pullback to about 2.50 and aim was to make about .30. it got down to 2.29 and i waited for a follow up but volume died and i thought it was bottoming. 5 seconds after i closed the trade it fell. to 2.20. should have just taken the gains.
Entry comments: I had to take off 380 shares before 3:30 yesterday due to my account only allowing 2:1 margin after that time. I a holding over night. Typing this pre-market I'm up $74.80 (shares trading at 8.88 right now). Plan to add back on more shorts when the market opens. I think this baby is about to TANK. It's too over extended.
Exit comments: This fucking stock is a zombie - it's got some really shady stuff going on. It's been so unpredictable that when it started sky-rocketing into the close nearing it's market open, I just decided to take my profit and get out. I'll check back in tomorrow morning and see about shorting again. I DO think it will continue falling.
Entry comments: Added 225 more shares pre-market. Average is now 9.01 per share. Hoping this tanks today and cracks through, finally - FINALLY - closing on red.
Exit comments: Took a little off into close. Again - have to get down to 2:1 margin by 3:30. I may take the rest, but I'm heavily consider swing trading this short another day and adding more shares on pre-market tomorrow. We shall see.
So I let my emotions get the best of me on this trade. It hit my mental stop loss so I sold thinking it was going to keep dropping but it eventually got back up to the open which was at 2.18 today. I shouldn't have sold it but I panicked I just wanted to get out since I dont know what could've happened. In this case the stock made its way back up to its support level. Got to own my losses like battle scars! Lesson learned here.
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