Lesson Learned: Exit when price is pulling back with faded volume.

I congratulate myself for following rules. I exited when I saw big seller in Level II chart.

I should not enter into this trade because the predefined stoploss at 1% is too close, it must have room for price to fluctuate, given the catalyst is in my side.

I considered loss because I deviate with my plan. I hold loss long enough and hoping to backup. Good thing the market in favor of my hope. I understand hoping is not a strategy. I won't give in next time on this. I stick to my #rule : Cut Loss Quickly and No exemption.

Lesson Learned: I shouldn't hesitate to close the trade if the price action won't move according to my expectation but instead the price stalled or in consolidation mode.

I chose to exit WKHS at will after I noticed solid buy stacking at 2.07 disappeared (Level II data). I was right, in just a few seconds the priced dropped quickly.

Note: P/L (less commission); Entry Reason: I was confident to enter after breaking the high at 7.5 because of the solid news last day "Received $9.6M from conversion of warrants", plus this ticker has got a score of 73 in my Stock trader. I placed my mental stoploss (less than 2% risk) with a target profit of 10%. Exit Reason: I was scary about small candles at 8.4ish and decided to exit quickly at 8.451.