https://www.youtube.com/watch?v=32pysSobHnw&feature=youtu.be

SPEX was setting up perfectly for me. Swing traders who were short were stuck in this gap up and it was getting some pretty good volume before the market open (1million volume - 3mil float) so I knew it had the potential to possibly spike at the open. I didn't pull the trigger on multiple VWAP pull backs in pre market which would have been very nice trades. I was hoping for a washout at the open towards support where I would have went long knowing that the shorts would be covering. It didn't washout and spiked immediately. I didn't want to chase the huge spike so I waited for a dip buy towards 9ema. I bought and sold for a .9 cent per share gain. Then I got back in when it looked like it was soaking up some shorts above VWAP. It was making higher lows and looked like it was flagging. Volume died down so I should have gotten out. I had multiple opportunities to abort but I did not take them. Lesson learned. I also didn't get out after the washout with a .15 cent loss which I should have taken ( cut losses quickly ) I kept holding thinking it would come back. Do not make this mistake. When your in these situations think like a short seller. a short seller after seeing this washout would think its going to go lower but a stubborn long will think its going to come back. Best bet is to get out immediately.