I was expecting a down continuation today based on the daily candle yesterday. Instead we got a big gap up. My entry was based on ORB and simply did not work out. I was down more than I should have been, but decided to see if the VWAP held. It did and showed it was the right entry. Sold 1/4 when the stock cracked 110. In hindsight, I should have been selling 1/2. That was a good push and proved to be the bottom for the day. Sold the rest way too late. As soon as the stock made a higher low, I should have been out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-15 10:06:23 | BOFI | sell | $112.840 | short |
2015-10-15 10:55:40 | BOFI | buy | $108.860 | short |
2015-10-15 12:00:43 | BOFI | buy | $111.750 | 0 |
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