Shared by
TomB_BOWS
Bear flag pullback to both 20 and 50 on daily while also being overbought. Went green to red and shorted, came back and test highs again before the flush. Sold 1/3 into flush. Stop at entry. Was going to hold it for a swing but it just grinded back and stopped me out. Couldn't believe it. Should have re shorted when it made dbl top and broke under MA's.
+$57.00
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-11-19 09:37:05 | KORS | sell | $72.920 | short |
| 2014-11-19 10:19:33 | KORS | buy | $72.290 | short |
| 2014-11-19 12:59:42 | KORS | buy | $72.950 | 0 |
Comments
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Your way to loose on display red to green and green to red is supposed to be quick you could too much eat at the open but the other thing is you can't let that last half comeback $.70 all the way this is supposed to be a quick trade when you get that big flush down to 72 that your target