Conclusion: Hold to the predefined stop loss for a Bull Flag, the low of the pullback. Don't allow fear to make you exit.
I need to stick to the predefined stop loss of the low of the previous pullback for Bull Flags.
I got stopped out, and the price didn't even make a new low on the 1 min, then it continued the 5 min bull flag, and went from $3.75 to $4.65.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-16 09:51:55 | BOXL | buy | $3.790 | long |
2020-07-16 09:51:55 | BOXL | buy | $3.790 | long |
2020-07-16 09:52:23 | BOXL | buy | $3.840 | long |
2020-07-16 09:52:26 | BOXL | buy | $3.810 | long |
2020-07-16 09:52:52 | BOXL | sell | $3.750 | 0 |
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