Looked like the stock was forming a flag but again, it flushed. As the stock began breaking below the 9 EMA and making lower highs I should have been looking to exit. I held on and waited for the stop to trigger at 43.12. My position was calculated on the notion of making up for my earlier losses. In my past trade reviews I talked about taking a larger risk on the A level set-ups and lowering my risk on B & C level set-ups. In my opinion this was a C level set-up and should have either not been taken or at the very least with a much smaller position.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-24 11:13:38 | SHAK | buy | $43.390 | long |
2015-02-24 12:04:45 | SHAK | sell | $43.120 | 0 |
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