Quote from S2007S:
Think im going to sell, take the loss and move on. Learned my lesson that next time a stock is trending down and i decide to go short that i should stay short instead of selling as soon as I see a loss and buy it back to go long.
There's a more important lesson you could take away from this trade. You went long and it broke your price, then support at the low of the day. At that point you should have been bailing any way you can...but instead you took the position overnight putting yourself at huge risk. You could have cut it at a .25-.5c loss, but it could easily end up being a $2-4 loss. Just not a great way to trade imo.
