Shared by
jmos_BOWS
Play: ORB
Stock gapped up on news, then opened right under 200sma. It opened with volume but couldn't break 200sma so got short with tight stop. Sold in flush as it good extended and didn't expect that type of move but was patient and scaled out.
Should have added on the bounce to 8, bad discipline on that aspect.
Reasons to sell: flush, extended
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-17 09:30:41 | RGLS | sell | $8.710 | short |
| 2016-02-17 09:30:49 | RGLS | buy | $8.500 | short |
| 2016-02-17 09:31:07 | RGLS | buy | $8.310 | short |
| 2016-02-17 09:33:15 | RGLS | buy | $8.100 | short |
| 2016-02-17 09:34:04 | RGLS | buy | $7.920 | short |
| 2016-02-17 09:35:02 | RGLS | buy | $7.770 | short |
| 2016-02-17 11:39:26 | RGLS | buy | $7.350 | short |
| 2016-02-17 13:03:02 | RGLS | buy | $7.180 | 0 |
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