Play: Flag
Not impressed with that trade. It was a bit too extended going into the break out of 52 highs but it looked good because of the news and matching on multiple timeframe. I got in with a small position in case it broke out and wanted to add to it. But for some reason, my plan wasn't clear and I should have added near the 9ema on the way down but instead sold it on support which was stupid. I didn't expect this one to rip right away and hence why I wanted to add to it but didn't have a clear concise plan which cost me.
Reasons to sell: 9 ema crack (but normal bounce spot for the afternoon)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-01 14:20:03 | TASR | buy | $22.340 | long |
2014-12-01 14:24:42 | TASR | sell | $22.170 | 0 |
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