-$77.00. I bought in as it broke over the resistance at $24.20. My entry was way too late and then the stock turned on me. I should have never been in this stock.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-09 09:31:11 | CIEN | buy | $24.335 | long |
2014-01-09 09:31:18 | CIEN | buy | $24.320 | long |
2014-01-09 09:31:18 | CIEN | buy | $24.310 | long |
2014-01-09 09:31:19 | CIEN | buy | $24.325 | long |
2014-01-09 09:35:24 | CIEN | sell | $24.130 | long |
2014-01-09 09:35:24 | CIEN | sell | $24.130 | long |
2014-01-09 09:35:24 | CIEN | sell | $24.130 | long |
2014-01-09 09:35:24 | CIEN | sell | $24.130 | 0 |
I only trade off 5-min charts. That helps me to not get into trades in the first few minutes when price action is very volatile.
The earliest I get in a trade is the 3rd (5min) candle on an ORB but my results have been mixed as half of them faded quickly. Of course this just my rule and everyone should do what works best for them.
Interesting to know Tom. I'll have to experiment to see what works for me.
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Chase it.