Play: Flag breakdown
Overextended on daily, squeezed but couldn't hold. Got in on anticipation of break down of the flag. When it kept bouncing like a trampoline of 17.85, wanted to get out as it seemed like a buyer was there. Would I have respected my stop loss at 18.10, I could have had a partial winner on the flush. I should have waited for the 20ma to catch up and get in when it breaks through it.
Reasons to sell: emotion, scared of not being able to break level
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-28 13:35:01 | RGLS | sell | $17.850 | short |
2014-10-28 13:45:11 | RGLS | buy | $17.940 | 0 |
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