Shared by
jmos_BOWS
Play: ORB
Stock gapped up, ran into resistance, couldn't hold and started to look weak. I was short bias but wanted to be patient as it did a lot of volume and from experience, i always have FOMO and rush into it so i waited until i saw bounces for confirmation. It failed at VWAP so was stalking it for a flush past LOD but 1.18 kept holding on big volume, bid soaked up everything so i put in a smaller starter with 4cent stop loss. If i was wrong, i could just reverse the trade but volume kept coming and waited to sell some close to HOD. It pb, held and started going but was having trouble at HOD so took some more off. When it flagged and held, i added to my position. Still had a good avg so sold some fairly fast as it looked stuffy. Wanted to see 1.5 hold for next leg up to unload some more but didn't and stopped me out at my buy price/avg.
Reasons to sell: spike, HOD, spike, struggling to break out and hold, buy price
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-11-12 09:44:36 | HART | buy | $1.210 | long |
| 2015-11-12 09:46:22 | HART | sell | $1.370 | long |
| 2015-11-12 09:59:13 | HART | sell | $1.440 | long |
| 2015-11-12 10:01:07 | HART | buy | $1.490 | long |
| 2015-11-12 10:01:26 | HART | sell | $1.520 | long |
| 2015-11-12 10:02:46 | HART | sell | $1.570 | long |
| 2015-11-12 10:04:06 | HART | sell | $1.560 | long |
| 2015-11-12 10:10:04 | HART | sell | $1.460 | 0 |
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