I paid too high on first entry but I still thought it had the juice to ORB. Didn't panic out initially. Sold some higher when it rebounded but got out of balance when lower lows started happening. Reentered again thinking the sellers were flushed but covered quickly when it broke the ma.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-05 09:31:50 | RADA | buy | $3.627 | long |
2014-12-05 09:32:31 | RADA | buy | $3.619 | long |
2014-12-05 09:32:31 | RADA | buy | $3.620 | long |
2014-12-05 10:04:20 | RADA | sell | $3.763 | long |
2014-12-05 10:16:12 | RADA | sell | $3.510 | 0 |
2014-12-05 10:34:28 | RADA | buy | $3.418 | long |
2014-12-05 10:34:49 | RADA | sell | $3.310 | long |
2014-12-05 10:34:49 | RADA | sell | $3.300 | 0 |
You know, you mention ORB, but the book (pg115) says you need at least 2 five minute bars, so if you are entering at 9:31-32....
If you meant R/G, it may have been a little extended.
Just lookin out for ya brother
Another thing....(and maybe i'm saying this cuz I just saw someone's trade that went over $900 against them before they made $430... and forgive me-I;m not the best at math, but I think the 1st trade may have gone over 7% against you before you made 4%-ish...
Just sayin
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Another double top pattern here near 3.80. $3.70/.69 would idea short entry...http://screencast.com/t/DxKKMXgviMP