ORB. Certainly not the best entries. I thought it would continue moving higher during those first 30 minutes. The volume was so great that I did not think it would totally flush today, so I held on till the afternoon for a small profit. +$180
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-28 09:38:00 | IDRA | buy | $4.570 | long |
2014-03-28 09:57:00 | IDRA | buy | $4.630 | long |
2014-03-28 13:39:00 | IDRA | sell | $4.670 | long |
2014-03-28 13:43:00 | IDRA | sell | $4.670 | 0 |
It is one of my achilles heel. I always hold too long because I believe it will reverse. Luckily this time it did. I need to stop out earlier.
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Why the long hold?