premarket it was doing well holding around vwap with decent volume. i was looking for a Earnings play first green day. Started selling off at the open so i cut losses quickly. good thing i have a strong decision making ability to cut my small losses because it faded all day lol
I was looking to enter this price in the morning but I missed my entry so when i saw it in the afternoon My thesis was that it was going to fade since it had a 2.40 resistance in the daily chart and it was end of the trading day. I was wrong and got squeezed. My mistake was to go short better option would have been to go long since it was a high of day retest and maybe hold over night since it was closing strong and gaining volume.
Small win :D notice pre market gap up of 300% so I took a small entry at 1.55 then scaled in 200 shares at a time once it kept failing to break my initial entry. I also noticed big red candles in the first 3 min. Once it broke 1.40 I went all in with the remaining shares. Took the meat of the move for a green day :D