regular gap open trade.
What did I do right?
entry was cool. number was good but mkt was a drag on all stocks today
What did I do wrong?
When i saw a clear sign of bear flag and no immediate bounce once price target was hit I should have flattened out earlier rather than waiting for my stop to be hit. could have cut my losses even shorter. also the overall mkt was down big today.
price did not give me the reaction I wanted it to once it hit my number.
price action not looking good at all. Looks like a bear flag is forming. I am waiting to see if current bar on 15m closes below 14.68. if so I will cut my losses short and not wait for a stop out. Currently price is below 14.68 its at 14.56 now
a close below 14.68 would be yesterdays low
I am having 2nd thoughts because my rules say to close out on hourly closes below my stop
I decided I will wait it out…. I set my alerts. Im bout to go be productive around the house
price is now hovering above the weekly S2
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