On this trade of BIOC i broke my rules and it cost me to leaving about a 50% gain on the table. When i noticed BIOC it was soaring $1.50 to almost $5 in three days. I love these kinds of run-ups because i like shorting them. As i have said in other blogs it is important to cut losses with these stocks because of the volatility of the stocks and how easy you can get short squeezed when everyone is trying to short at the same time, but to remember to keep trying as eventually it will crack and you will catch a huge panic.
So it appeared i was probably a day early trying to short this, and when i noticed the big crack was not happening i did the right thing and cut losses of only $.03 a share. However, the fact that the stock kept going after scared me away even though if i had gotten
back at some point the stock tanked nearly 50% now 2-3 weeks later and i could of had huge gains
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