GALT Trade on Jan 10, 2014 09:36 from jmoscate_BOWS: Tradervue User Stock Trades.

Play: ORB

Mistake: never play orb again. Not comfortable trading in the first 15mns. Lesson learnt and very bad risk management. Was too extended for where was my stop loss. Pretty embarrassing trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-01-10 09:36:55	GALT	buy	$17.640	long
2014-01-10 09:38:45	GALT	sell	$16.621	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GALT&trade=778843&end=20140209&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GALT&trade=778843&end=20140110120845&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-01-12 07:42:10

Entry need to be prefect when playing ORB. You needed to hit this thing right at $17 for a quick scalp.

jmoscate_BOWS

2014-01-13 08:09:20

Quick question nape. When you trade the ORB set up, where would you put your stop loss? thanks!

Nape_BOWS

2014-01-13 12:07:13

I would have put a .10c stop. If the ORB don't go right out the gate, I'm out. Just my opinion.

markmandy54_BOWS

2014-01-14 19:36:24

I read and reread the ORB in the book as it's a great strategy to have yet difficult to master (as i haven't come close to mastering it)

GALT Trade on Jan 10, 2014 09:36 from jmoscate_BOWS: Tradervue User Stock Trades.

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