LOSS

• Setup: -------------------------------------------------------------------- Bear Flag Short
• Entry: --------------------------------------------------------------------- $32.91
• Shares: ------------------------------------------------------------------- 200
• Stop: ---------------------------------------------------------------------- $33.11
• T1: ------------------------------------------------------------------------- $32.51
• T2: ------------------------------------------------------------------------- $31.00
• Reward:Risk Ratio (T1): -------------------------------------------- 2:1
• Exit: ----------------------------------------------------------------------- $32.88

• Profit/(Loss) With Commission: -------------------------------- ($6.19)

• Details:
  200 shares, short sale on a bear flag breakdown. Very low risk (20 cent) stop on this on a red market day. It is flagging after a large dip about a week ago. This play was actually quite successful but I didn't look closely enough at the daily chart so it was a flat trade (tiny loss after commission). I should have sold into the support at $32.70 but instead held because it was tanking. and it actually bounced and came right back up to my buy price. I don't look at this trade badly because the market was red, it was a short sale, it should have tanked but the market bounced just as it hit support and since it's a larger cap stock it followed the market. Everything was done well, it was a solid reward to risk ratio, good entry, it simply wasn't ready to break down yet. If anything I suppose I could have done some more investigation on what the target should have been. I am still watching it for the next few days for a breakdown of the $32.75-$32.70 level. Once it cracks there with volume it should fall very quickly as there is no real support until $30.90.