Play: ORB
Stock had a PR, opened strong but stalled, had go-to set up for short so took it with stop at HOD for a flush. It started going my way, target was LOD but stalled at the VWAP, once it didn't keep going, I thought it might turn into a long since it held so I covered thinking it might squeeze. I wanted to be able to long it if it were to hold and show a pattern. It did squeeze but didn't hold then it just acted choppy and was right above the 200sma on the daily so I stayed away from it as it would spike 10cents for no reason and those are the type of stocks I lose bc of wicks so preferred to stay out unless it gave a good long opportunity which it didn't.
Reasons to sell: stalled at support, didn't keep going in direction of weakness
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-04 09:32:09 | BIOC | sell | $3.270 | short |
2015-05-04 09:33:59 | BIOC | buy | $3.260 | 0 |
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