Bought on break of intraday flag, with stop just below trendline; got in way too high. Sold half into spike and moved stop to buy price. Sold second half because volume wasn't staying high, so I got antsy and thought the breakout was done, but in retrospect I should have just held it to see if it would climb more.
Here is where I drew my flag line:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-01-08 10:27:21 | BIND | buy | $9.470 | long |
2015-01-08 10:29:59 | BIND | sell | $9.650 | long |
2015-01-08 10:34:16 | BIND | sell | $9.730 | 0 |
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You are not wrong with what you drew but this add was much too high. Where was your stop 9.10? and you got 26 cents out of it. r/r isn't there. I scaled out when you added. Get this lower and you will be in a position of strength.