Was playing the bear flag but this stock moves crazy fast so got out a bit early.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-03 09:45:50 | DGLY | sell | $19.080 | short |
2014-12-03 09:45:55 | DGLY | sell | $19.065 | short |
2014-12-03 09:47:18 | DGLY | buy | $18.931 | short |
2014-12-03 09:47:38 | DGLY | buy | $18.645 | short |
2014-12-03 09:47:38 | DGLY | buy | $18.630 | 0 |
I was attempting to scale out but got scared because it was moving so fast! Im a wuss! lol
Your entry was actually a chase. Let the stock pullback creating a lower high then take the short...http://screencast.com/t/DS5k7mmo
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You waited and played this the opposite way that I did. Better job scaling out, but maybe wait until it flushed more to close out position. I'm bad at this too when I see profit on the table.