small position on very low trade volume prior day and weak positive news. ($2 million contract) did nothing. then dropped when i placed sell.
Single most stupid trade of my entire trading career. Embarrassed to even post it, but have to be transparent. STT Breaking news in premarket. Seemed like solid news and the float was low for this kind of ticker so I talked myself into thinking it was going to really move it. Extremely illiquid and they spiked it at the open and I fell for it like a sucker who was on his first day of trading. Bought at HOD, way too much size, got stuck, and ended up getting exactly what I deserved.
Risking .11, entered on end of day dip. Volume ramping, saw no news on ToS. Should've check socials. A lot of the move happened in the afternoon on the 6th. Maybe the same will happen today but it's illiquid now and I don't want to hold and hope. Saw a buyer step up and took the opportunity to exit.
Entry comments: I have been messing around with this stock since it dropped from $.77. It has made me a lot of money in the past and I like what this company is doing. I decided to buy back in at $.05. I will hold it until results come back.
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