Setup on daily: Earnings Breakdown
Setup intraday: Bear Flag
Reasons to enter: price under moving averages.
Concerns: price was not close enough to moving averages, bad R/R ratio.
Stop: $22.60 - right above 9EMA.
First target: $21.51 - previous low.
R/R < 1:1 - terrible!
I scaled out at my first target, but then the price reached my entry price where I had set my stop after scaling out and I got stopped out. I should've waited for a better entry and then I would've had a really nice trade with a good R/R ratio.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-31 09:44:00 | AEGR | sell | $21.930 | short |
2014-10-31 09:50:00 | AEGR | buy | $21.240 | short |
2014-10-31 10:04:00 | AEGR | buy | $21.930 | 0 |
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