Market opened at it immediately dipped, bough it for a pop, pop was only 5 cents, it immediately tanked, I added, couldnt break even on the next smallar pop and sold after a big spike down.
Took a $45 dollar loss
Take home points:
It was tanking and doing down stair stepper before the market opened
Market is weak and that's what the stock have been doing lately
Should have shorted in instead of going long
Should have waited for a pattern to form before buying it. Down stair stepper is the most lethal pattern for the longs. the moment you think its going to perk up and take off, it immediately tanks down
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