Shared by
jmos_BOWS
Play: Flag breakdown/failed break out
After getting stopped out, wanted to see if it was just a big seller and would go back up but when it kept selling off, I got in. Pretty big chase but was looking for some more panic selling so got in expecting it to bear flag first. It did on the 1mn and then kept flushing.
Screwed up my second sell, put in wrong target (3.26 was what I wanted). Kept scaling out along the way. Stopped out when it bounced to 9ema and cracked it.
Reaons to sell: Flush, 2nd bear flag flush, 9ema crack
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-11-04 13:39:34 | VPCO | sell | $3.470 | short |
| 2014-11-04 13:48:54 | VPCO | buy | $3.330 | short |
| 2014-11-04 14:10:19 | VPCO | buy | $3.360 | short |
| 2014-11-04 14:15:23 | VPCO | buy | $3.250 | short |
| 2014-11-04 14:21:37 | VPCO | buy | $3.180 | short |
| 2014-11-04 14:34:30 | VPCO | buy | $3.340 | 0 |
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