A quick couple of trades late in the day since I've been away the entire morning.
VORB had the strongest looking intraday chart from all the gappers (most just flushed) but it was running into a possible intraday resistance at 8.30 and then 8.44 right above, after 8.44 there was plenty of room to go much higher so that'd be a perfect level to be broken before we jump in.
But instead, I was looking at 8.30 break with a small risk of about 10-12 cents on 150 shares.
It did try 8.30 level so once it started to break it again for the second time (this time 1 min candle closed above 8.3 so it gave me more confidence) I entered at 8.33. Unfortunately it didn't hold and went down - I closed at 8.21
Overall good trading: we're in the green + followed my stop & exited when it got hit. No big profits taken but that's not the goal
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-01-07 12:38:13 | VORB | buy | $8.330 | long |
2022-01-07 12:42:37 | VORB | sell | $8.210 | 0 |
2022-01-07 12:49:29 | VORB | buy | $8.220 | long |
2022-01-07 12:55:43 | VORB | sell | $8.370 | 0 |
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