Monday BOR trade - SSO

My first two trades using my simplified BOR technique have failed so of course I feel like abandoning it. Today seemed like a good day for this type of entry with the European markets up about 7.5%, relatively good news in the morning, and a gap up followed by a shallow retrace. I thought it was impressive that buyers stepped in at the ORL instead of the gap filling more. But buyers vanished and I got stopped out. The one warning sign was that the TICK was mostly negative. There were a couple of volume spikes in the QQQQs, when AAPL was bouncing off 100. Since there was a breakout I had tightened my stop for only a .46R loss.

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