Gapped up on a PR yesterday and consolidated for most of the day. I was looking for an ORB of 34.50. I placed a limit order at 34.10 and got filled 250 shares at 34.06. After the stock tested 34.50 I placed another limit order for 34.10 and got filled as it whipsawed below the EMAs for a hot second. I got lazy while scaling out by executing a 100 share market order at 34.98 and another 100 at 35.07 only because it was the fastest execution method. I should have been selling half of my position after the first parabolic green candle. As the stock began to pullback to the VWAP and 9 EMA I sold another 100 shares at 34.85 thinking that the EMAs wouldn't hold based on the nature of the pullback. I should have went with my gut and sold all my shares here. Instead, I waited to see if the stock would bounce and make new highs. It didn't, and I sold the remaining 200 shares at 34.32. Happy with my entries but better traded management was needed after leaving a couple hundred bucks on the table.
Execution detail:
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