Play: ORB anticipation followed by green to red
This stock had closed weak yesterday so looking for follow through. It popped up, tried to short small in anticipation using 1mn chart with stop at HOD. It stopped me out and ran a bit more after. Had to respect stop as I was thinking the top had been put in and would not be able to break out on the 1mn but then it did.
Reasons to sell: stop loss,HOD
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-01-09 09:37:59 | BIND | sell | $7.500 | short |
2015-01-09 09:39:23 | BIND | buy | $7.680 | 0 |
Thanks Kunal but where would I add? If it rips higher right, how do you know when a top will be put in?
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u have to put ur stops above the ema's .. give urself room to add