I bought JUNO at the flag. Of course as soon as I did, that broke. I rounded out the position closer to the VWAP to bring down the average. Never worked so I stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-10 14:41:58 | JUNO | buy | $41.500 | long |
2015-02-10 14:49:20 | JUNO | buy | $41.240 | long |
2015-02-10 14:52:58 | JUNO | sell | $41.170 | 0 |
thats not a flag.. a pullback or consolidation after a push is a flag what u have is not a flag its just a consolidation
I bought the same candle as you, looked like a nice consolidation, popped over mas, with increasing volume, but it just faded. I got out quick as soon as it dipped back under the mas.
Thanks everyone. I see what you are saying. Truthfully, I see it now and the reason for me taking that trade, was "please let me make more money with a bio that still can run". It wasn't the right set up and no reason to take it. I need to stick to my plan.
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I don't really see a flag, I see a bear flag.