-$19 Loss
DAICLong Stock
2RipChic

Went from $2 to $4 premarket and I chased it. Thought it could retest the prior day's high around $5.50-$6.00, but there was too much overhead resistance and the setup failed. Cut losses quickly. The company had filed a dilutive financing with White Lion and there was no real catalyst beyond AI PR. The stock has a history of popping and fading. In hindsight, the short was the better trade. Need to focus on A+ setups and check filings like the 424B3 before entering.

000
DatePrice
Entry6/10/20264.47
Exit6/10/20263.71
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