Play: ORB
Hot stock, gapped up and tapped 4.5 level a few times premarket and once it opened, it tapped that level again. Waited for a small pullback on low volume on the 1mn chart and then got in when retested that level. Sold into the spike as it was struggling. The mistake on this trade is to not have set my stop for the rest at buy price so i gave back too much profit. Better to get the base hit and then re-enter then to put my stop in the middle of nowhere hoping it doesn't get hit.
Reasons to sell: spike, bad stop placement
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-02 09:33:24 | VGGL | buy | $4.540 | long |
2014-12-02 09:34:29 | VGGL | sell | $4.650 | long |
2014-12-02 09:38:45 | VGGL | sell | $4.470 | 0 |
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