RADA Trade on Mar 24, 2015 09:45 from jmos_BOWS: Tradervue User Stock Trades.

Play:ORB/Green to red

Stock usually fades the next day of a big run up so was short bias. It opened strong which was what I was looking for but had a 30cent candle one minute. I was hoping for it to be defended, putting at least a bounce around 3 with a lower high to then short it but at that point, it was too extended so i waited to see how it would act around the green to red. This is a good gauge for the strength of a stock. It did bounce a few times, was being defended but then made a lower high so got in expecting a flush as it was weak, longs would sell and shorts would come in. However, it stalled around that level which got me scared, and thought it might squeeze. Got out flat and then proceeded to tank 15cents. In hindsight, the entry was a bit of a chase on the 1mn so should have expected a small bounce as long as it made a lower high, i was fine. Not great discipline as I left money on the table. I traded the tape and not the pattern.

Reasons to sell:bounced, not patient