Where did I go wrong?

Is the question I kept asking myself as the LBIX drifted slowly towards my risk level. I knew it was a overextended multi-day breakout, being up nearly 140% on the day, while holding its gains, and trending sideways. But what influenced me the most to act was that it was Friday. If you're an avid follower of Tim you would know that Friday is special for short squeezes. So I though this had high odds of squeezing based on the inter-day chart. So why was it going against me? I kept asking myself, "what did I do wrong?" and "What did I miss?" until eventually I ended up cutting my losses once my risk level was challenged. Without realizing anything specific while i was in the trade I decide to do some extra research. While looking at the 5min chart over the past 20 days I found something interesting. The stock is terrible at holding its gains near the end of the day especially from 3-4pm.  (-_- )... 

If only I had taken the extra time to research a little more. Then I wouldn't have wasted money on such a terrible odds setup. But I guess that's the price of learning... Next time, I will make an additional effort to look at the bigger picture and see what has been happening prior. Only then will I make an educated decision of whether or not to trade. 

All in all, I'm glad I came out of it nearly unscathed for if you notice, LBIX had a nasty drop from 3.1 to the close. It just so happens that 3.1 was my risk level that I safely exited at.