I saw the alert from Tim. I looked at the chart and it was still in a great position, getting ready to break out of consolidation. So I got in and was ready to cut losses quickly if it faded. It had very little volume as Tim mentioned. So I got out before I had a chance to fall.

I watched the chart and the volume was up over 100M. The float was below 10k so I knew it would move fast. I waited long enough for it to show it was holding support. When it dipped down below 0.60 I bought it. I set my sell order and patiently waited. Sure enough it kept scaling up and moved pass 0.70 with confidence and I was out with a little over $100 on the morning.

One of my biggest losses in a few months. I am so mad at myself for watching it go down and kept saying to myself “it’s going to bounce” and it never did. It had a good news catalyst and broke out above previous highs before market open. But it just wouldn’t rebound. I deserve it though. I knew better. Good lessson and reminder to cut losses. Now I have to work my way back up. Tomorrow is a new day.