flagged so I attempted to enter thinking it would go higher. should have also checked the 3-min chart were I would have seen it breaking down below the flag. took to long to exit the trade too.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-22 13:27:49 | FCEL | buy | $2.615 | long |
2014-07-22 13:39:56 | FCEL | sell | $2.553 | 0 |
Extended name finally faded. This is a short on every bounce , not long!
Good point guys. Looking back it was on it's 6th flag of the runup. Definitely should have been looking to short it.
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Make sure you are aligning your charts on multiple time frames. Stock was to extended to buy there.