OTIV Trade on Sep 10, 2014 09:36 from jmos_BOWS: Tradervue User Stock Trades.

Play: ORB

Well that trade was pathetic. It gapped up, opened strong, consolidated right under a round # and ripped higher. Horrible sells, not sure why I sold so fast. I focused more on level 2 than on the chart. First target should have been at least 4.35 which was resistance on daily. I definitely didn't think it had this much in it.
Horrible discipline as I didn't respect my reasons to sell. My second half is either entry price or when it breaks down a flag. In this case, no reason to sell second half.
Need to be more patient.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-09-10 09:36:24	OTIV	buy	$4.020	long
2014-09-10 09:36:58	OTIV	sell	$4.100	long
2014-09-10 09:38:08	OTIV	sell	$4.170	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=OTIV&trade=1314639&end=20141010&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=OTIV&trade=1314639&end=20140910120808&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=OTIV&trade=1314639&end=20140910100708&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Markmandy54

2014-09-10 17:13:26

Sick entry!! I nailed the entry too, and had a terrible exit, haha. Great lesson for the journal though.

You should adopt my mantra, although it's not helping "SCALE OUT AND LET THAT BITCH RUN!!"

jmos_BOWS

2014-09-10 18:43:57

haha great reminder of how far stocks can go. Normally, I have a precise rule for lotto shares but wasn't disciplined enough to follow it.

OTIV Trade on Sep 10, 2014 09:36 from jmos_BOWS: Tradervue User Stock Trades.

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