Caught myself in the act of a bad trade on this gapper. The volume pattern indicated the sellers were in control, and that the pullback wouldn't hold by any means. Once I realized it hit resistance I luckily got out flat.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-08-03 09:50:33 | OCLR | buy | $6.120 | long |
2016-08-03 09:55:49 | OCLR | sell | $6.110 | 0 |
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