May 14, 2008

Net: $-71
LFT: $171
Frame of Mind:
Stop Loss: $50

Went long SWY 300sh when it broke down out of the ORB, riding it to the highs. However I didn’t take all and I bought it again on the way down thinking the trend would continue. My average on the way down was .11, I had to cut at .70.

What I did right:

The ORB works.

What I did wrong:

I should consider that stocks usually do not move in one direction throughout the morning.

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