Play: ORB
Stock was overextended, is a turd so was short bias unless it trapped shorts. When it opened strong and couldn't hold over 4, I got short bias. When it broke the flag on the 1mn, i got in but then it held a little bit so right away, I thought it was a long as it didn't snap that support at 3.95/3.92. Took the small loss. Not a great trade as my stop was at 4 which I believe was where the longs would push the stock up had it held. Bad discipline on my end. Shouldn't have been a loss but a base hit instead. Ahh!
Reasons to sell: didn't snap
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-21 09:35:40 | BIOC | sell | $3.925 | short |
2015-04-21 09:36:22 | BIOC | buy | $3.960 | 0 |
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