Shared by
jmos_BOWS
Play: Bear flag
Had a bad entry my first time and got stopped out. I then was going to flip it long if it were to break above 3.80 but didn't. It flushed past all ema's before I could get in. I chased it as it was on high volume so wanted to get in for the panic sell. It kept going but never reached my target (by a few pennies) so I let it bounce and bear flag. Once it failed at the ema's, I sold at target but screwed up. I had my order in and wanted to cancel once it got close to see if it was going to flush some more. Unfortunately, I got filled (but thought I hadn't and had cancelled) and entered my other price which I wanted and got filled as well.
The way it bounced, I am sure I would have sold at the same price my second lot as my 2nd target was 3.2.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-09-29 14:27:20 | RADA | sell | $3.530 | short |
| 2014-09-29 14:48:55 | RADA | buy | $3.400 | short |
| 2014-09-29 14:49:12 | RADA | buy | $3.370 | 0 |
Comments
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Nice trade!