First trade of the day was an earnings breakout. I bought on the third 5 minute candle looking for an ORB. The ideal entry would have been as the stock based out on along the EMAs & VWAP. I sold off some shares into the spike and held onto some with hopes of a continuation. As the stock was flagging it shot down below the VWAP and I was stopped out after moving my stop just below my entry price. In hindsight, it looked like it was nothing more then a shake and bake and the stock broke out around lunch time. I probably should have re-entered as there was tight coil forming instead of taking it off my watchlist after being stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-17 09:41:42 | VIPS | buy | $24.230 | long |
2015-02-17 10:11:02 | VIPS | sell | $24.490 | long |
2015-02-17 10:54:33 | VIPS | sell | $24.200 | 0 |
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