Play: ORB
Gapped up, had a long wick so showed weakness. Could not get above the VWAP so got in for the flush past 4. When it kept bouncing off a level and couldn't flush, I got out for small loss as ORB's are meant to be quick especially on the short side. I am ok with the trade but wanted to re-hit it when it was super coiled and didn't. Lack of discipline.
Reason to sell: time, couldn't flush and kept bouncing off buyer
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-13 09:42:33 | ZAZA | sell | $4.030 | short |
2014-11-13 09:49:56 | ZAZA | buy | $4.070 | 0 |
You got to stop following me your reasons for all this stuff is bullshit just like mine. We don't know anything about the buyers and sellers and you can't have a three or $.04 stoploss on a wild stock this is the homerun trade if you have the opportunity to make a dollar is the $.05 worth it
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Right idea. Lower highs.. jump back in the trade next time..http://screencast.com/t/iPd8QgWp