My first trade of the day was an anticipation of an opening range breakdown (ORB) after the stock gapped down on an earnings release. I was quickly stopped out as the stock reversed and began filling the gap. I had a poor entry to begin which increased the risk of this trade as I placed my stop just above the MAs and VWAP. I should have clued in that this was a long as support held at 13.60 and began reversing.
Execution detail:
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