Play: Flag
Had a short squeeze then consolidated during lunch. It was stuck under the 4.3 level but once it broke out, I got in for a retest of 4.4 but nothing happened. Sold when I saw it was only 1pm and i suck at that time and when it wasn't moving with any conviction.Not a good trade due to the time of day.
Reasons to sell: time, no momo, time of day
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-03 13:07:17 | VGGL | buy | $4.310 | long |
2014-12-03 13:12:20 | VGGL | sell | $4.270 | 0 |
I think the set up is there but the time of day (from my stats) is not a high probability for me and the volume/momentum wasn't great so that's why I think this trade could have been avoided.
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Too legit too quit. Even though the outcome was a loss. This to me was your best trade of the day.... as small loss but when they do work they run quick and hard.