Play: ORB
Stock looked like a short but squeezed. I wanted to see if it was going to hold the VWAP or not. It did hold after it consolidated right above it with clear range. When it broke out, I got in. Got a pretty bad fill. I wanted to get in around 2.91/2.92 but got 2.97. Since it was a chase and it was stalling at round #, i took small off to decrease risk. Not a great sell but round #'s are part of my reasons to sell and i had a bad entry. I then scaled out as it kept ripping higher, small as i wanted to get most of the move. Kept 1/5th for lotto shares as it was doing big volume and thought another squeeze could happen as it was holding 3 but stocks haven't been going parabolic for a couple weeks now so should have taken more off at HOD. Oh well, traded process and not PnL which is annoying as i was up much more but had it squeezed and ran to 3.5 which was my next target, i would have cried either way haha
Reasons to sell: round # and chased entry (bad fill), spike, parabolic
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-06-24 09:37:45 | CPXX | buy | $2.970 | long |
2015-06-24 09:38:10 | CPXX | sell | $3.000 | long |
2015-06-24 09:38:24 | CPXX | sell | $3.070 | long |
2015-06-24 09:39:01 | CPXX | sell | $3.110 | long |
2015-06-24 09:40:34 | CPXX | sell | $3.220 | long |
2015-06-24 09:44:04 | CPXX | sell | $3.230 | long |
2015-06-24 10:00:10 | CPXX | sell | $3.020 | 0 |
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