Shared by
Boston
I was 2/2 on this stock. I saw an ORB pattern at the open on the 1 min chart, but the spread was weird and it wasn't moving how I liked to I got out for about breakeven on the first trade. In hindsight, this would have been awesome to hold and let it ride, but I have to follow my rules and gut feeling. The trades at the open either work right away, or not at all usually.
On the second trade, this was a 5 min setup. I took a long on the first 5 min candle to make a new high and it worked a little bit. My target was HOD, but I was watching on the 1 min chart and this looked like it was running out of momentum so I started scaling out. Once it broke down the 9ema on the 1 min, I got out and took my profits.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-05-09 09:31:12 | W | buy | $57.780 | long |
| 2017-05-09 09:32:33 | W | sell | $57.900 | 0 |
| 2017-05-09 10:01:31 | W | buy | $60.090 | long |
| 2017-05-09 10:02:07 | W | buy | $60.500 | long |
| 2017-05-09 10:02:26 | W | buy | $60.590 | long |
| 2017-05-09 10:10:20 | W | sell | $61.520 | long |
| 2017-05-09 10:11:41 | W | sell | $61.200 | long |
| 2017-05-09 10:13:34 | W | sell | $60.630 | 0 |
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