ORMP Trade on Mar 25, 2015 10:29 from swinging_long: Tradervue User Stock Trades.

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swinging_long

 

ORMP was overextended on the daily and washed out of the open. It bounced back towards the MA's but was rejected and bear flagged. I took the trade right before I left for work and placed a by stop at 7.28. While driving to work, I noticed the price break below $7 and became excited and just wanted to cover as quickly as I could to lock in the gain knowing that I was up nicely and was currently red on the day. As soon as I arrived at my workstation, I covered my short at the market. In hindsight, I could have squeezed much more out of this trade by riding the MA's down but my original plan was to take any pull below $7 so I am happy about that at least. I need to focus on using the MA's as a guide to maximizing my trades when I'm on the right side. The same with VBLT this morning - great entry below the whole number and solid push through it...I became excited and locked in the profits too early missing out on .30 to the upside.

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Execution detail:

Date/time Symbol Side Price Position
2015-03-25 10:29:55 ORMP sell $7.185 short
2015-03-25 11:16:10 ORMP buy $6.868 0


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