I entered in this stock with what looked like an ORB. This is another set-up that I have not been focusing on yet. Although, my risk was limited if I abided by my mental stop, which was below the VWAP & 9 EMA. I sold a third of my shares on the first pop above the MAs and another third near the HOD. I should have realized by now that this stock was over extended and sold off all of my shares. I re-entered on the pullback to the 9 EMA with hopes of another run up and new HOD. The stock flushed, and I sold way to late. Again, I should have executed a stop-loss and reduced my share size to limit my losses.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-04 10:04:31 | ZIOP | buy | $9.100 | long |
2015-02-04 10:08:53 | ZIOP | sell | $9.260 | long |
2015-02-04 10:28:17 | ZIOP | sell | $9.480 | long |
2015-02-04 10:46:44 | ZIOP | buy | $9.300 | long |
2015-02-04 11:19:05 | ZIOP | sell | $9.030 | 0 |
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