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I got lucky with this one. I did think after seeing it break below 50 (key # of support) that it would trigger stop losses and also people to start selling in anticipation of a big drop after the huge squeeze. Man was I wrong LOL. Luckily I was able to cover my position on a small pull down before this monster held the support only for it to rip crazy into the close up to well over 100!

This trade worked out, but not how I though it would. I thought the premarket high around 40 was the one and only touch to that price we'd see. So I got in on the way down in pre market looking for a faid at open down to 31-32. A few minutes into the open it squeezed back up to the 40 area and I got shaken out and sold for a good size loss. Then right after it slammed back down and went to where I thought it would. SMH

I held this a little too long, I really liked this trade though. Only thing id change would be getting the majority of my size in higher. I started to enter between 1.50 - 1.60 when the daily clearly had room to move up to 1.70 - 1.80. Sucks to take the loss but Its the first shorting loss this month so I cant complain. Part of trading
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