Going for the day long flag. Bought when it broke out, made a new high but quickly broke through MA's and bottom of flag. Too extended to short the breakdown so I waited till it setup a dead cat bounce.
-$69.00
Would really like to know what I did wrong here. Any feedback would be great.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-07 13:18:14 | LAKE | buy | $10.570 | long |
2014-10-07 13:47:47 | LAKE | sell | $10.340 | 0 |
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