I thought I saw a flag set up so I entered the position long with a stop at $43.45. The stock never had enough momentum to reverse upwards and once it got closer to my stop I exited.
Looking back, this was a bad play and there was no real flag setup. If I was to play this stock for a long then it should've been earlier in the day. And after it hit its hod the only direction it was going was down or sideways. I did not analyze the chart well before entering.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-18 15:30:42 | KO | buy | $43.550 | long |
2014-11-18 15:44:38 | KO | sell | $43.470 | 0 |
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