Stuck in a tight range, a Red to Green wouldn't work. But I got suckered in even though I knew that. Some other guys longed this thing with a stop under $9 on the daily. Initially that was my stop, because I only scaled in small.
There was clearly a buyer at $9 because those shares kept getting eaten up. when that first candle after the pullback held, or when the VWAP was broken were all valid entries. Another entry was the pullback at 10:20 when the candle held.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-07-29 09:33:59 | OPTT | buy | $9.400 | long |
2016-07-29 09:43:04 | OPTT | sell | $9.290 | 0 |
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