I was planning to trade this as an OR breakout. My broker won't let me place stop orders within 10 cents of the ask price, so on low priced stocks I have to use limit orders and enter manually. I jumped the gun on this one when I saw some strength in the tape and entered early. It ended up breaking 4.25 in the afternoon after I had scratched the trade for a small .33R loss. Today's action felt very fishy as financials were the primary mover. There was a noticeable lack of herding. But I was on the right side of the market, in the right sector so I'm patting myself on the back for going with the flow and not trying to stubbornly short today.
Setup:60
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