PTBI Trade on May 8, 2015 09:38 from ToqueX: Tradervue User Stock Trades.

Grade=C- (for high risk)

The Setup: After all the downside of the previous day, I was looking for some retracement to the upside. I bought the bottom of the opening range after seeing the spike down to 7.30 get rejected.

The result: The play worked as I was planning for. There is certainly a luck element here and I think this was a fairly speculative play. With George Soros as the catalyst on this stock's run, it is unlikely to go down to the old lows before the run and there may be buyers waiting in the wings to buy on the support levels and boost the bounces.

Further Comments: This was one of my first (intentional) forays into the land of the ORB. I also had 640 shares which is quite large for me, but I wanted to see if I could glean any insights into my trading psychology from this. I learned that playing the really small size was causing me to try to "milk" every trade and hold out too long and I often let a small gain turn into a loss because I wasn't satisfied with a meager $8 gain on a $20 risk. It sure beats a loss though, as I've learned. The next experiment will be to trade without P/L in my view.