Broke $2.30 and was slowly gaining making higher lows. Was looking good for small profit but then fell off a cliff. Good thing I had a hard stop set or I would have lost much more. Hard stops are the answer. When I first started trading (about a month ago) I didnt set hard stops. I would always let it go to far before I cut losses. Now I set hard stops and make way smaller losses. Hope this helps. Learn from my mistakes.