Shared by
jmos_BOWS
Play: ORB
Stock squeezed but couldn't hold the VWAP, flushed back to the support. I was hoping for a bounce which it did quickly on the 1mn but stock was dead so got in on the flush. Wasn't able to get filled in the flush and then 3 seemed to hold so took some off to decrease risk, then scaled out and got stopped out on lotto shares when it broke three as it couldn't go back to LOD. Annoyed bc I am having trouble staying in the trades longer as i keep getting stopped out on my lotto. If i don't take it off at 3, would have gotten stopped out at 3.06 at buy price anyways but want to stay in the trade longer to give myself a chance for the next flush without chasing it.
Reasons to sell: round # holding, decrease risk, scale out in flush, buy price
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-22 09:57:49 | ONTY | sell | $3.060 | short |
| 2015-05-22 09:59:35 | ONTY | buy | $3.000 | short |
| 2015-05-22 10:00:20 | ONTY | buy | $2.970 | short |
| 2015-05-22 10:01:18 | ONTY | buy | $2.930 | short |
| 2015-05-22 10:06:13 | ONTY | buy | $3.000 | 0 |
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