Shared by
TomB_BOWS
Saw a bear flag forming. Looked like it was staying under VWAP. Took a short position and just got wicked so fast, couldn't get out until it was almost at $53. After a big flush like that I need to give it more time to rest. Also the spread was way to big.
Symbol: JUNO
Time of trade: 1:22pm
Size of Position: 100
Day trade
Price: 52.40
Market above/below 50 DMA: Yes
Setup: Bear flag
Long/Short: Short
Gain/Loss: -$.59/-$58.99
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-05 13:22:11 | JUNO | sell | $52.400 | short |
| 2015-03-05 13:25:46 | JUNO | buy | $52.990 | 0 |
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