Had this on my watchlist to short and forgot about it. When I saw an opening to short on a flat bottom breakdown, I chased the entry a bit. I then noticed what I call a round bottom reversal forming and I quickly exited 10 cents before my stop. I guess I should have longed it at this point since the round bottom reversal is on of my goto setups.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-21 12:17:48 | TWX | sell | $86.770 | short |
2014-07-21 12:36:16 | TWX | buy | $86.870 | 0 |
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