Shared by
mirko_BOWS
After a nice quick gain on the opening range breakout I traded $SGOC once more time when I saw it bear flagging under VWAP and pushed above with the 9EMA. As it broke down the bear flag I have shorted it but the stock just bounced off the low of the day and had to cover for a loss and give up part of the profit previously taken on the opening range breakout.
I should been smarter and cover at least partially on the low of the day spot.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-08-21 11:29:38 | SGOC | sell | $3.500 | short |
| 2013-08-21 11:29:41 | SGOC | sell | $3.500 | short |
| 2013-08-21 11:29:49 | SGOC | sell | $3.520 | short |
| 2013-08-21 11:29:49 | SGOC | sell | $3.520 | short |
| 2013-08-21 11:29:49 | SGOC | sell | $3.530 | short |
| 2013-08-21 11:52:14 | SGOC | buy | $3.660 | short |
| 2013-08-21 11:52:14 | SGOC | buy | $3.660 | 0 |
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