Play: ORB
Stock is extended on daily, waited for a strong open or a sign that bounces were getting sold off. When it trie dot break out and failed, i got short. Tapped LOD and started breaking down but had trouble and had no follow through. I don't like to see big selling volume and no movement so got out. It ended up squeezing. Very choppy, guessing bc oil inventory was up that morning.
Reasons to cover: no follow through on ORB
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-13 09:38:43 | VALE | sell | $5.530 | short |
2016-04-13 09:41:10 | VALE | buy | $5.530 | 0 |
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