I had two trades on this stock today. At the open, I was looking for the ORB pop to get a quick gain. It hit $11.00 and started to stall. The bid dropped below my entry and I gave it a sec but I should have gotten out for a small loss to be safe. Instead, the bid completely fell off to the $10.60s and took a bigger loss than I wanted. This was a good trade, just should have got out sooner. If I'm questioning the ORB at all, I need to get out to be safe.
On the second trade, I saw a nice bull flag and took the advantage to get back most of my loss from the first trade. I didn't go in as big as I wanted because of the first loss, and the spread on this stock was pretty big. sometimes $0.15 at some moments. Both of these trades were nice setups, just the first one didn't move as quick in my direction as I would have liked. The trade would have worked out if I held, but it dropped quick and had to cut my loss to be safe.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-07-10 09:35:55 | PIXY | buy | $10.950 | long |
2017-07-10 09:36:00 | PIXY | buy | $10.950 | long |
2017-07-10 09:36:33 | PIXY | sell | $10.630 | 0 |
2017-07-10 10:00:47 | PIXY | buy | $11.102 | long |
2017-07-10 10:00:52 | PIXY | buy | $11.200 | long |
2017-07-10 10:02:48 | PIXY | buy | $11.220 | long |
2017-07-10 10:07:20 | PIXY | sell | $11.430 | long |
2017-07-10 10:08:39 | PIXY | sell | $11.490 | long |
2017-07-10 10:08:53 | PIXY | sell | $11.600 | long |
2017-07-10 10:10:10 | PIXY | sell | $11.488 | long |
2017-07-10 10:14:51 | PIXY | sell | $11.460 | 0 |
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