Shared by
jmos_BOWS
Play: ORB
Stock was a bit extended and running into the 200sma on the daily. It tried to break above A/H but couldn't hold and started grinding lower pre-market. I was thinking people would try to play the red to green play as it was an earnings play but it was heavily shorted so I wanted to see if it would hold. When it opened red, opened strong and tried to go green and couldn't, I got in short like I had planned out. I sold into the flushes, first minimizing risk and then when I saw it was holding the downward trend, I waited for flushes or until it was extended. I kept scaling out my lotto shares at LOD as it would be resistance. I sold at the end of the day because I had to. Respected reasons to sell and just kept bringing stop lower until had a reason to sell.
Reasons to sell: minimize risk, flushes, overextended, LOD, close of market
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-02-19 09:33:17 | ANGI | sell | $7.630 | short |
| 2015-02-19 09:34:02 | ANGI | buy | $7.560 | short |
| 2015-02-19 09:35:01 | ANGI | buy | $7.430 | short |
| 2015-02-19 09:35:19 | ANGI | buy | $7.410 | short |
| 2015-02-19 09:39:42 | ANGI | buy | $7.360 | short |
| 2015-02-19 09:42:46 | ANGI | buy | $7.350 | short |
| 2015-02-19 09:52:13 | ANGI | buy | $7.260 | short |
| 2015-02-19 11:42:39 | ANGI | buy | $7.170 | short |
| 2015-02-19 14:07:46 | ANGI | buy | $7.050 | short |
| 2015-02-19 15:59:16 | ANGI | buy | $7.060 | 0 |
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