Bear flag setup occurred but I saw it as a flag. I entered a long position before the breakout and it went in the opposite direction. I had a mental stop at $15.00 and I didn't stick to it. Once the stock began to rest after a break down, I exited my position.
I should've let the stock come to me and waited for the trend form before I predetermined what direction it was going to go in. Also, the reoccurring theme for today, I need to stick to my mental stop losses.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-04 10:06:02 | HABT | buy | $35.150 | long |
2014-12-04 10:15:00 | HABT | sell | $34.600 | 0 |
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