I want to share this blog post with everyone because I think it is important to man up to your mistakes and over time being transparent will make me a better trader.  Plus the profit.ly community can yell at me for all the rules I break.  

I'm sure a lot of this community had BBOX on watch when it first started getting volatile, so did I.  When I first saw the long-term chart I was very confused when I heard people taking long positions because it had positive news.  There was nothing positive about the chart and to me the chart is one of the main indicators.  So I didn't follow the sheep long, I looked further into what the news was, and took a long look at all timeframes of the chart. That was when I came up with the hypothesis that longs would get trapped if this broke below VWAP and then BBOX would crawl back into its hole. (This was based off the first day of volume and at the time I started short price action looked weak and could have possibly cracked below the gap up price).  

I immediately started getting squeezed on my 1k shares at 1.59 but I had the "confidence" this stock was garbage and it wouldn't run.  Of course BBOX had other plans and ran like crazy, closing above $2 which was actually a point where I cut half my trade because I didn't want to risk 1k shares overnight short on a strong stock.  I did however want to ad to the position if BBOX had any crazy spikes.  It was a bad sushi chart after all.  

I wont bore you with all the details besides I tried boxing at one point and then overnight E*trade adjusted my positions and cancelled a whole lot of shares out which pissed me off.

But what I REALLY want this blog post to be about is the lessons I learned.  

Lessons: No stock has to do what you want it to.  Bag-holding takes up A LOT of your time and energy.   If you wait for the right moments to trade your odds of profiting go way up.  Don't be so convinced that a trade is going to play out a certain way.  Let the plays come to you.

I ended up down a little after this trade but I honestly can't tell you how much.