Basically I chased it and lost. Held on way too long "hoping" for the bounce.
Weekend play. Chased the entry and then sold right before the bounce that took it back to 3.76. Entry was terrible and should have a better understanding of how the Steve Cohen plays can work. This had an initial spike that I bought into and then pulled back before running.
Tim alerted this the day before. I checked it out and liked it but he got in at 3.40.Today I got inn at 3.20 premarket around 8am.The stock didn't do much for quite awhile and Tim got out with a small loss.I decided to stay since my loss was very small.The stock eventually went up and I got out at2:02pm @3.67 .Now its at 3.73 so I left some on the table. CAN'T COMPLAIN ABOUT +$470.00
Cut Loss too quickly. If waited 15 minutes longer would be profatable.
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