should have sold into the spike around 10am. stock was up $0.68 on earnings so knew it had to rebound and decided that I would hold it for a 1 day swing if needed. ended up selling out around 2pm. gave back some profits on it.
is there a way to tell that an ORB is going to fizzle out all day?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-14 09:37:48 | RRGB | buy | $53.010 | long |
2014-08-14 09:38:08 | RRGB | buy | $52.900 | long |
2014-08-14 09:58:20 | RRGB | buy | $51.260 | long |
2014-08-14 14:11:17 | RRGB | sell | $51.610 | 0 |
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On a ORB play you need to get in right when it is about to break the previous candle high. ORB plays are meant to quick.