Stock gapped down pre-market on news and was looking like it had some room to continue downwards on the daily chart. I shorted with the anticipation of an ORB as the stock seemed to be finding resistance at the 14.60 area during the open. I had a stop-loss placed at 14.75 which ended up triggering as resistance didn't hold and continued a substantial run-up to 16.40. There was several flag opportunities to enter in a long position despite the gap down that I should have payed more attention to. I was already thinking short at this point though making it difficult to call an audible and go long
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-09 09:36:16 | RGLS | sell | $14.490 | short |
2015-02-09 09:42:01 | RGLS | buy | $14.750 | 0 |
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