NVGN Trade on Mar 4, 2015 09:34 from jmos_BOWS: Tradervue User Stock Trades.

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jmos_BOWS

 

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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