Shared by
jmos_BOWS
Play: ORB
Stock had a PR which seemed interesting, was thinking people would want to jump in quick especially with the low float runners lately. It was holding premarket and held after the strong open on the 1mn chart. When it held and was getting bought up, I got in for a quick scalp. It went parabolic so had to scale out along the way. I didn't scale out enough at the top as I wanted a bigger piece (1/4) to trade around after the bounce. I wanted to add above 3.15 but it never broke as that was the resistance it needed to get over. Lotto shares got stopped out at buy price.
Not a bad trade except, traded according to rules, scaled out small to get bigger move. Thought it would pb to 3 and go back to near HOD or have a higher low but didn't and was an all day fader.
Reasons to sell: spike, parabolic, weak bounce, buy price
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-02-02 09:32:09 | YOD | buy | $2.930 | long |
| 2015-02-02 09:32:46 | YOD | sell | $3.030 | long |
| 2015-02-02 09:34:02 | YOD | sell | $3.100 | long |
| 2015-02-02 09:34:43 | YOD | sell | $3.190 | long |
| 2015-02-02 09:37:26 | YOD | sell | $3.330 | long |
| 2015-02-02 09:55:26 | YOD | sell | $3.090 | long |
| 2015-02-02 10:01:32 | YOD | sell | $2.940 | 0 |
Comments
jmos_BOWS
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Nice entry on that Orb. I was too slow to catch that