Thursday, January 5, 2017

OREX, PDT Warning !!

OREX



01/05/17 10:38 AM EST Buy 800 OREX Executed @ $3.07
01/05/17 11:06 AM EST Sell 800 OREX Executed @ $3.04

Ugh.. My stop loss was 2.99 and I raised it thinking $3.05 proved itself enough.. but lo and behold I tried to dip buy this shiet in the AM close to noon.  M'fer low for the day was $3.00.. I cut losses too quickly maybe? and didn't let the play work out?.. M'fer reached $4.00 at day's end.. $700.. still uneasy on this one.. I will only buy reversals in the am if it's panics at the open to support.  2nd day reversals will be bought in the PM for a 2day F3 Pattern.

01/05/17 2:09 PM EST Buy 500 OREX Executed @ $3.28
01/05/17 2:14 PM EST Buy 500 OREX Executed @ $3.28
01/05/17 2:29 PM EST Sell 300 OREX Executed @ $3.84
01/05/17  2:29 PM EST    PDT Qualification Warning !!!

I missed my entry at 3.08ish where my original entry in the morning was since it wasn't 2pm yet.  Looking back at ETRM chart though and other charts, I'd want the confirmation of a higher low holding so I can set a risk.  One thing though, I don't have a platform for e-trade and use the webpage and mobile.. I only wanted 500shares but I guess when I swapped to change the order on my phone, it inputted a second 500share order on top off what I already had.  When I sold what I thought was half of my position at my profit target, I got a PDT warning and my P/L was alot higher than I expected.  I'm still new to the E-trade website but I finally got a confirmation on what my actual position was.  I'm in waaay too big for my risk, It's already triple topped at $4.00 with a huge seller blocking the way with 16,000+shares.  I wish I can sell all today but i'll end up with my account frozen for 90 days. FML.. I'm glad E-trade Extended hours starts at 7am vs ToS at 8am.  I'll be locking in at least half my shares ASAP and let the rest ride to see the January effect+Friday short squeeze can break through that seller.  May the force be with the healthcare sector today.

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