I saw it pass the mornings highs and bought it as quick as I could after gauging whether I thought the stock could go against both market and stochastics trend. Got spooked because of the way most stocks were crashing and moved my stop too tight and gave away quite a bit more profit. Hindsight says it would have been worth getting back in.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-27 12:27:05 | ORMP | buy | $12.780 | long |
2013-12-27 12:27:07 | ORMP | buy | $12.780 | long |
2013-12-27 12:27:07 | ORMP | buy | $12.780 | long |
2013-12-27 12:27:07 | ORMP | buy | $12.790 | long |
2013-12-27 12:27:07 | ORMP | buy | $12.790 | long |
2013-12-27 12:27:30 | ORMP | buy | $12.760 | long |
2013-12-27 12:49:01 | ORMP | sell | $12.920 | long |
2013-12-27 12:49:01 | ORMP | sell | $12.910 | long |
2013-12-27 12:49:01 | ORMP | sell | $12.955 | long |
2013-12-27 12:49:01 | ORMP | sell | $12.910 | long |
2013-12-27 12:49:01 | ORMP | sell | $12.910 | 0 |
Isn't waiting for confirmation that it is surpassing the mornings high a legitimate setup?
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Whats your setup on entry?