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DCGD was gapping up at the open due to some news released that there was going to be a series of conference calls. Got in high on the VWAP but after proving strength. Got a little greedy and missed the top of the spike at 1.14. Held intelligently though playing the L2. Bids were very strong and vol was over 1MM in 20 min. Held through working it by playing the L2 in AT. Bid started getting weaker and I didn't see it hitting the high again so I got out with a gain

The entry was good and held intelligently. Timing was bad though and never should have held into a meeting. During the meeting the stock tanked and before I knew it I was down over $100. I've held on the promise of sales news tomorrow to hopefully average down and catch a spike up to cover losses and make a profit. Even if that happens, this was a bad idea. The stock was already on 4 GDs and now has a 15% RD Tried averaging down - no good cut losses

No matter the result this was a bad trade. I did not cut losses quickly and at the peak of my losses I was down $400! UNACCEPTABLE. I waited for a bounce on an illiquid stock. Never again! The only reason I'm still holding so long is bc it is trending back up. If I can minimize the loss I will continue to hold, the first significant look of a down turn I'M OUT!
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