Daily: Flag
Intraday: Couldn't break down passed $213 and eventually went from red to green. I entered during a rest/flat top setup. Scaled out 100 shares and raised my mental stop at around $215.20. Stock couldn't break pass $215.60 range so I scaled some more. Stock went under MA's and reached by stop so I exited. Lesson learned is to continue to improve on catching the entry point right when stock changes direction and breaks resistance with a confirmation set up.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-08 09:46:46 | BIDU | buy | $214.560 | long |
2014-08-08 09:52:56 | BIDU | sell | $215.530 | long |
2014-08-08 09:58:22 | BIDU | sell | $215.590 | long |
2014-08-08 10:01:21 | BIDU | sell | $215.270 | 0 |
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