Armata Pharmaceuticals, Inc. (ARMP)

[THREE-DAY-TRADER]

I'm out.
Took an overall -16.9% loss on this crapper. I'm admitting total failure here.
I'm out because it broke all support levels along with the old low of .44.
Also I think this has huge potential to trade downward-sideways yet thru December (such as reasons of end-of-year tax loss selling; which is an issue I've worried about on here the last couple weeks).
I would not keep holding this (for those following my trades) as it has risk of much more downside.
If anyone does dare keep holding this, hoping for better, then at least set a stop-loss threshold based on .42 needing to hold. If .42 gives away, then below .40 likely imminent. Just don't be hard headed by holding this if it continues to deteriorate.

I made the mistake of not originally having a stop-loss on this @ .55-.58 back in Nov 21 when I first started buying this @ .63.
Also, in the future I will not trade stocks of this type after mid-November due to excessive tax loss selling risk that I've seen haunt stocks like this consistently over the years.

From me there will be more trades soon, so give my overall trading process time to work, and use this one as an experience to learn from & hence move onward from this.
To put it in perspective--- This is only the 2nd loss via Alerts here since May 2016 (using revised strategy), so don't let this one trade cause a bad attitude.
{Scroll Down for Trading History}


I'll be out with new trade(s) soon.
Going forward, I will make this loss insignificant with upcoming trades (and I'm up % net overall for the year anyhow already).




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Trading Results Below (after applying a revised strategy since May 2016):


***APHB = exited on 12/8 @ .44 from avg cost of .53 for a -17% loss.
***UGAZ exited on 11/14/16 for a 16-20% profit range after recommendation on 11/10 from the 20.25-21.25 area.
***INAP exited on 10/11/16 for a 2-5% profit range after recommendation on 10/3 from the 1.65 area.
***MOBL exited on 9/28/16 for a 3-8% profit range after recommendation on 9/21 from the 2.56-2.62 area.
***PVCT sold 9/27/17 as a defensive maneuver for a loss range of approx -2-8% in lower .10's after recommendation on 9/24 from upper .10's area.
***PLUG exited on 9/20/16 & 9/23/16 (in half increments @ 1.60-1.70 area) for an avg profit range of 18-21% after recommendation on 9/14 from the 1.30-1.40's.
***LABD exited morning of 8/11/16 @ the 23-24 area for an official gain of 15-18% after recommendation on 8/4 from the 20-21 area.
***ORPN exited 7/29/16 @ 1.70-1.80 (as a defensive maneuver) for a profit range of 4-10% after recommendation on June 28 from the 1.50-1.60's area.
***INFI exited officially on 5/26/16 @ 4.90-5.10 area for a net profit average of 12% after recommendation on 5/20 from the 4.50-4.60 area.