Chased this stock as it dipped under VWAP with heavy volume . To make it worse , used market order b/c I use different windows , TD for charting & TZ to trade & wasn't quick enough . I got filled on bottom of candle which isn't ideal entry . Used VWAP as risk . Biotech stocks are often hard to short so covered on the break of support of 2.45 with volume & covered into next support it formed . Didn't hold b/c it had signs of strong buy support every time it dipped so played it safe .

Small cap , low float , 50% bounce . Bounce short play on smaller & bigger chart . Bigger time frame bounce short came & shorted bounce short on day chart . Entry signals of rejection of HOD & halt down . Bounced and risked HOD . Rejected third time and took a dive under key levels of 11.12 , 11.20 & VWAP (11.27) . When entry signals become support/key levels , emotions are high . Risk is bigger & touching your entry could be break even or L . Took profit on key support but kept falling .

Entry comments: Entered on a halt down and approach low of halted candle . Bounced towards HOD , wasn't disciplined & didn't cut losses . FOMO on missed entry which was extension of first halt. Should have waited on an extension for imbalance or consolidation level which came later around the 3s . Holding on still b/c I didn't believe it was still going to run after the major dip from highs . Waited for breakdown under VWAP which happened AH . Holding to next day for 2nd red continuation and saving a day trade

Exit comments: Premarket opened & it began to dip which made me inclined stock was continuing to fall for a second day . Risked last days high of the AH as risk . It Began to downtrend and used VWAP on market open to assess the movement . Got rejected and continued to hold on downward trend and used market value gaps to assess for reversal happened . Came during power hour and exited . This ticker had mercy on me , it didn't squeeze past my risk and blow my account out the water . Lesson learned . Respect Risk