Gapper play, I missed the first spike, then it pulled back on the 3minute chart. I bought as it tested the vwap. I didn't see any really big spikes to sell half so I road the stop up throughout the morning. It ran up a ways and I was noticing more red flags between the green so I sold half. I left .80 on the table on the second half, I missed that and it stopped out on me.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-27 09:52:16 | ORMP | buy | $21.870 | long |
2014-01-27 10:35:46 | ORMP | sell | $24.572 | long |
2014-01-27 12:02:34 | ORMP | sell | $25.190 | 0 |
Well, sure ... in hindsight you held the last shares too long. But, you waited for there to be a reason to sell. Nice job, I don't think you could have played this better.
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Perfect! Great sells..you captured the entire move for the day. When you get these first bounce days swing some for the morning spike!