Bear Flag and Triple Tap Breakdown
This was a bad trade in so many ways. I shorted the 3rd Bear Flag after the open, which was dumb. It was a .15-.30 cent spread stock, which is not something I normally play. I actually added to it when it rose back up, which is also something I typically don't do. I had the chance to get out with a small profit, but bc of the higher spread, there were no bids available near the actual price. Then when it tapped the support trend line for the 4th time and bounced, I held on past my line in the sand bc I knew this was the only trade I was taking Friday and gave it more room. Stupid trade all the way around. Disappointed in myself for taking this trade. These types of bad trades will spell the end of my trading career if I don't gain absolute control over myself.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-20 10:35:56 | CYBR | sell | $49.570 | short |
2015-03-20 10:44:38 | CYBR | sell | $49.830 | short |
2015-03-20 11:02:25 | CYBR | buy | $49.590 | short |
2015-03-20 11:31:05 | CYBR | buy | $50.680 | 0 |
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