Play: ORB
Stock opened with volume then pb to support and held. I was short bias overall but couldn't deny that 3.6 was very strong support and there was a lot of buying going on. I also tend to get in too early short and get squeezed so I wanted a confirmed level to short (before it opened) but when it held, being a low float and having the ability to run, I got in long for a quick scalp as I knew my entry wasn't great and i chased on the 1mn. I couldn't get out my shares so sold for small loss incase it was a fake break out.
Not a great trade even though I got the scalp i wanted, should have remained more patient and would have avoided that loss.
Reasons to sell:unable to get out the scalp so had a very tight stop and should have been even tighter.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-04 09:34:48 | NVGN | buy | $3.900 | long |
2015-03-04 09:35:15 | NVGN | sell | $3.820 | 0 |
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