Breakdown play. I wasn't patient enough to let it play out. The stock initially broke down past my entry but quickly squeezed upwards. Had I been patient enough I would've seen that the stock was only bear flagging and I could've continued to play.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-08 10:08:36 | BIDU | sell | $214.470 | short |
2014-08-08 10:13:56 | BIDU | buy | $214.590 | short |
2014-08-08 10:17:07 | BIDU | buy | $214.710 | 0 |
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