Terrible trade but good lesson for me. Was watching this at market open but got distracted by a few other plays. Saw this spiking hard and decided to chase. Once it couldn't break .06 I should have cut losses quickly in the high .05's but I was stubborn and thought that weed stocks were going to rally due to how many of them closed the previous day and the new administration. Great reminder of why I need to continue cutting losses quickly to avoid situations like this.