RIGL Trade on Feb 23, 2015 09:39 from jmos_BOWS: Tradervue User Stock Trades.

Play: ORB

Stock gapped up, had a plan to go long but it failed to confirm so was thinking short. It then started trading in a range making lower highs, got in on third tap at 3.6 but was too extended on the 1mn chart which I didn't realize. It bounced, got stopped out once it bounced and was holding. Had a tight stop as I play my ORB pretty tight. If traded this correctly, should have put stop at the 3.8/3.9 area . Not a great trade as I chased and didn't put stop at proper place because of the chase.

Reasons to sell: stopped out on bounce, stop loss at incorrect place

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-02-23 09:39:50	RIGL	sell	$3.610	short
2015-02-23 09:42:20	RIGL	buy	$3.690	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=RIGL&trade=1981119&end=20150325&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=RIGL&trade=1981119&end=20150223121220&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=RIGL&trade=1981119&end=20150223101120&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

RIGL Trade on Feb 23, 2015 09:39 from jmos_BOWS: Tradervue User Stock Trades.

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