Daily: earnings breakout, 2nd continuation, supermomo
Intraday:
- 1st entry on the break over $7 after the slight pullback at the open. I actually just entered when I saw the big reversal green candle on the 5m chart. I didn't watch 1m chart but it seemed there was an ORB there.
- 2nd entry on the break higher after a short consolidation near HOD
I scaled out at $10 and $11 then stock got halted and I got out when it resumed trading as I didn't want to risk being stuck in another halt.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-03-24 09:34:49 | HTGM | buy | $7.070 | long |
2017-03-24 09:57:57 | HTGM | buy | $9.060 | long |
2017-03-24 10:00:50 | HTGM | sell | $9.940 | long |
2017-03-24 10:05:01 | HTGM | sell | $11.150 | long |
2017-03-24 10:10:32 | HTGM | sell | $10.340 | 0 |
I was watching price movement on 5-minute chart. This stock was trading on huge volume so I could see price jumping up and down constantly by looking at the candles being built on the chart. When suddenly price stalled and there was no transaction in several minutes I knew trading was halted but there was nothing I could do other than waiting for it to resume. Trading was actually halted a few more times after the first halt but I was already out so they didn't affect me.
Emilie,
Thank you. I've noticed few pauses around mid-day but didn't know what was it about, I know now. Truly appreciate you taking the time. #TradersWorld. Cheers
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Great trade Emilie, but how did you know about the halt so fast? I'm new here, looking forward to your response, please. Thank you.