Daily bagholder short, Dead cat bounce short,

ECOR had a few bagholder failed spikes on the daily. Had one heavy 158 million resistance at 3.20's area and some lower volume resistance at 3.20's are (were the stock was trading around PM). The stock was already failing early in the pre market and was looking for a bounce to short into. At around 7:00 am the stock did a nice dead cat bounce to VWAP level. It bounced, hit VWAP and rejected with long wicks. I have now seen this form of dead cat bounce pattern quite a few times. Where a weak stock is already dumping down very low and the stock does a nice dead cat bounce to VWAP and fails. This small pattern is nice to short into to give quick small gains especially if you already have locates for that stock. 

My mistake: I exited the trade to early. I saw a big buyer on the level 2 and got spooked out and decided to take my money and run. I later realized that it was most likely a fluff order on the level 2 as the stock continued tanking and I missed out on a decent amount of money as the stock continued tanking from 7 am (where I took my trade) all the way to market open. What I learned is don't rely on level 2 too much especially that I am also a beginner trader and need way more practice learning level 2 and time and sales. What I did right was I didn't fomo into the same stock and chase the weakness. Chasing weakness would of worked on this stock but chasing does not always work and is not a consistent strategy.

Float: 31 M

MC: 96 M

IO: 18%

Borrow fees: $0.025 / Share

Daily bagholder short,

Float: 35M

MC: 560 M

IO%: 28%

Daily bagholder short,

Too tight stop loss went down at market open if holded until open (but never hold a low float stock into open)

Float: 35M

MC: 560 M

IO%: 28%

Daily bagholder short,

Traded a stock to overextended to the downside in Premarket and got squeezed out.

Float: 8 M

MC: 50 M

Daily bagholder short,

Too tight stop loss

Float: 35M

MC: 560 M

IO%: 28%

Daily bagholder short,

Continued same ticker and day. keep getting squeezed out, should of waited for the ticker to do its run then short when volume fades and showing weakness later on.

Daily bagholder short,

Continuation of same ticker and day, keep getting squeezed out. was adding to a loser. Also my Webull was not closing my position and was losing more money than intended.

Daily bagholder short,

My stop loss was too tight got shaken out with no patience.

Float: 8 M

MC: 48 M

IO: 22%

Daily bagholder short,

Continued 2nd trade rentry from same ticker and day. After getting shakin out, I waited a little and we got a pop. I sized in but got shaken out again, as it reclaimed VWAP momentarily and started to consolidate but then flushed again. Again I was not patient and was to nervous, just because the stock reclaims VWAP temporarily (and/or consolidates) doesn't mean it is going to squeeze. Have to be more patient.

Daily bagholder short,

Saw quite a few failed spikes. Already broke down most of its premarket high, was consolidating around one of the highes resistance. There wasn't as many bag holders trapped at the resistance where I was shorting at, as the stock arleady ran through most of the daily resistance. Was looking quite weak 30 min before open then a few minute before we got a pop. Then I quickly jumped on it thinking based on the price action this is the best pop we are going to get. As later known this wasn't the ideal entry. the Stock pulled back at open before making some choppy action with consoloditation. This is where I gotten shaken out when the stock popped again and hit m stop loss My biggest mistake was my stop loss was too tight and should of been more patient. and I got too nervous and shaken out. As the stock finally did what I was looking for. but the way this stock was moving required alot of patience. 

Float: 40 M

MTC: 100 M

IO: 4%