Play: ORB
Stock opened strong but usually is a fader so waited for it to top out. When it pb, tried to bounce but couldn't, I got in for the short for break of LOD. It cracked, was looking for 2 but didn't quite reach it. I didn't go in the size i wanted so I traded more the PnL than the flush. Normally, I would have taken some in that flush but didn't. When it started reversing, I got out as I thought a squeeze was on its way before the real break down which is what I was looking for at first but the lack of a bounce meant it had a possibility to break down.
Reasons to sell: didn't reach target, seemed to hold the LOD
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-13 09:44:14 | CJJD | sell | $2.150 | short |
2015-10-13 09:46:23 | CJJD | buy | $2.130 | 0 |
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