I had an okay entry point with the anticipation of an ORB as the stock ran into resistance and began breaking down within the first few candles. Again, I was watching the 1 minute chart on this to pin point my entry but I snoozed on the exits. Missing the ideal exit at the LOD, I held on for the bounce and covered my shares at $45.73. I need to be a lot quicker while playing the ORBs to get the best possible exit. In hindsight, I probably should have re-shorted some more shares on the pullback to the MAs instead of at $45.85. The LOD should have been my target, instead I booked my profits to quickly. I should have kept some lotto shares as the stock continued to run down near the LOD instead of fully covering.
Execution detail:
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!