Play: Flag breakdown/Parabolic
Stock had ran big from 1.7 to 2.8 but it never was able to hold the price so was short bias and was looking for the morning panic from the chasers but was careful as the PR did read well and it was showing some strengths by making higher lows so when I go countertrend, I want things to snap, basically trading off trader's emotions. However, this one wasn't so clean and get stalling at prices. Once it broke out to new highs but barely and wasn't able to hold it, I looked for lower high on 1mn, got in when broke mini support. It stalled at 2.62 but without getting hit which makes a big difference (compare to my previous trade which kept getting hit on the ask without breaking down) so I was patient and waited for another flush which happened so got out small to decrease risk. But a spike stopped me out at buy price which is frustrating as I missed the slow grind to the main support.
Reasons to sell: flush, buy price
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-11 10:02:54 | BLDP | sell | $2.660 | short |
2015-02-11 10:04:55 | BLDP | buy | $2.610 | short |
2015-02-11 10:06:52 | BLDP | buy | $2.670 | 0 |
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