I had been watching this stock for the previous 2 days as it had gapped up. Today, it gapped up more and had an ORB, which I missed. I was watching the first big pullback and did not go long in fear that it had hit HOD and would reverse being that it was on it's third up day. I should have stuck with my gut for a great R/R trade. I took a bad entry thinking it was bouncing off 20ema with a target at $19. I got stopped out but got a nice fill. I continued to watch and realized it was building a nice trendline support and a tighter range. I reentered after it remounted it's ema's but was stuck in range. It finally brokeout and I sold into the HOD for a decent profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-01-09 12:17:36 | ETRM | buy | $17.590 | long |
2017-01-09 12:54:15 | ETRM | sell | $17.630 | 0 |
2017-01-09 13:13:23 | ETRM | buy | $17.640 | long |
2017-01-09 14:24:18 | ETRM | sell | $19.040 | 0 |
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