I found this on my gapper list. I noticed there was not resistance until around $3.80. It went red to green on the 1m and entered once it broke my trendline. Then it ORB'd, I scaled out a little too early due to it stalling out. I sold the rest of my shares at $3.80 resistance but should have sold the first half there and held the other half for a reversal signal to exit. I left $200 on the table but still overall, happy with the trade. I find I'm doing better at trading the gap up ORB and red to green setups.
I should not have taken the second trade. It was too late of a flag pattern and I was looking for more gains. thankfully got out because news made it rollover a little later.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-18 09:36:10 | IDXG | buy | $3.290 | long |
2017-04-18 09:46:00 | IDXG | sell | $3.490 | long |
2017-04-18 09:49:00 | IDXG | sell | $3.800 | 0 |
2017-04-18 09:56:36 | IDXG | buy | $4.240 | long |
2017-04-18 09:57:14 | IDXG | sell | $4.210 | 0 |
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