Play: ORB
I was looking at another stock when i saw this one rip. I have found in the past, a weak stock where everyone is short, once it squeezes, the initial squeeze can be very powerful. I did chase which is not good at all. My thinking was it will squeeze so i can take the scalp to round # and maybe round # buyers were going to push it up. I couldn't scalp it, couldn't get filled and looked like a stuff so took it off. Not good discipline, should have been more patient.
Reasons to sell:Looked like a stuff, was doing big volume for a low fat so it should have ripped right away
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-23 09:33:23 | SGNL | buy | $1.910 | long |
2015-09-23 09:34:28 | SGNL | sell | $1.900 | 0 |
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