I missed this trade although I watched it from when I got up at 7:20 am on Friday.  It was at $3.40,  then hovered between $3.25 to $3.45 or so pre market.  Then the market opened. It dropped slightly to 3.20.  I had my buy order in for a $800 position of my 4k account which has dropped to $3400.  Maybe I should lower my sizes to $600 or $700.  My confidence is a little shaken because I have only picked 2 of my last 11 right and 7 straight losses.  It had good news with a deal from Stanford University.  (Contract Winner).  It was running earlier in the week and had a lot of short positions. I could have bought at 3.30,  3.50's, but I couldn't get myself to hit the buy button.  The first move went up to about $4.  It consolidated in the $3.70's before it squeezed to $5.95.  This all happened before 10:30am.  Thank goodness I didn't buy in the $5.20's  because it dropped to $4.60 after a few hours of sideways price action in the mid-day.  My knowledge account grew a lot although I may have missed out on $100-$300 profit yesterday.  I got to keep refining and studying.