I chased my entry bit to far down on this trade, increasing my risk. I should have had a limit order ready just below the first red candle to maximize my gains. I scaled out during the flush but the stock was giving me no reason to fully cover and I should have held onto a partial position to catch the bottom or for strength to appear. I re-entered a short position on the bear flag breakdown, but again, I chased my entry and should have entered closer to the 9 EMA. I covered for a small gain as the stock was making lows and covered the rest of my shares for a loss as the stock broke above the 9 EMA. I probably should have had a looser stop after the second entry as the stock continued downwards shortly after piercing the 9 EMA.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-18 09:43:05 | FOSL | sell | $83.010 | short |
2015-02-18 09:48:55 | FOSL | buy | $81.970 | short |
2015-02-18 09:53:21 | FOSL | buy | $82.100 | 0 |
2015-02-18 10:18:23 | FOSL | sell | $80.810 | short |
2015-02-18 10:24:49 | FOSL | buy | $80.250 | short |
2015-02-18 11:19:03 | FOSL | buy | $81.210 | 0 |
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