Shared by
David_BOWS
ORB. This one came on my radar late and tried to see if there was going to be another setup. I entered at 96.62 as thought it was going to pop which it didn't...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-21 11:44:03 | SSTK | buy | $96.620 | long |
| 2014-02-21 11:44:07 | SSTK | buy | $96.720 | long |
| 2014-02-21 11:44:22 | SSTK | buy | $96.780 | long |
| 2014-02-21 12:38:28 | SSTK | sell | $95.630 | long |
| 2014-02-21 12:38:46 | SSTK | sell | $95.640 | long |
| 2014-02-21 12:38:46 | SSTK | sell | $95.690 | long |
| 2014-02-21 12:38:46 | SSTK | sell | $95.468 | long |
| 2014-02-21 12:38:50 | SSTK | sell | $95.460 | 0 |
Comments
David_BOWS
2014-02-21 16:25:30
I meant that it opened high pre market. But yeah, I see what your are saying I should of let it ride out longer and entered after lunch hence, day long consolidation. Thanks Mirko!
Nape_BOWS
2014-02-21 19:08:20
Easy money was over. The first pullback around 10am was the only setup worth playing IMO.
mirko_BOWS
2014-02-22 09:04:50
Sayed
2014-02-22 18:54:08
Its also a dreaded lunch hour trade.
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If you David by ORB mean opening range breakout then this wasn't it. This was basically day long consolidation setup but you have entered it too early and during the lunch time which I know really well trust me because I used to do it too often. If you enter it that early then you should have more loose stop loss and quite a lot of patience.
The ideal entry point was a bit higher on the candle where your exit was, around $96ish I believe.