Play: Bull Flag
After nailing the bottom of the flush on my stop loss, for some reason, I decided to get back in when clearly the first entry wasn't good and it didn't have any follow through the round # which is what I was looking for. Got back but still a chase so chances of stuffing traders in that round # are higher which is exactly what happened. Two avoidable losses! I was doing great on patience for proper entries but on this one, I get real excited for some reason because it is a low floater and I see how much it has ran in the past that I feel it can still go. But it has ran from 1.8 to 3 so it needs more than 20mns to rest to make another run.
Reasons to sell: failed break out, stop loss
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-23 10:28:46 | RADA | buy | $2.980 | long |
2015-03-23 10:31:15 | RADA | sell | $2.920 | 0 |
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