Episodic pivot intended to swing some but then realized its a biotech (thought it was tech for some reason) and fuck swinging a small cap biotech and catch an 80% gap down
Entry comments: Potential multi-year technical b/o
Exit comments: Got stuffed at 6.5 on Tuesday but never fully failed past 5.5. Gave it a chance today as it crept above 6 again but that failed so I cut losses.
Was patient after missing morning move that almost hit my 2-1 goal. Got in same spot 6.06 risking 5.97 300 shares 18 dollar risk. Got in after higher low was made and waited an hour but did well seeing lower highs and got out for breakeven. Good exit not waiting for risk to break and seeing how CTIC was unable to push HOD.
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