Shared by
ToqueX
Grade=C
The setup: bear flag
The backstory: Earnings are coming up, so there will likely be selling pressure by those shareholders looking for a chance to upload before a potentially unpredictable earnings announcement in a few days.
The entry: I tried to be patient with the bear flag and waited until it seemed upside spiking had been exhaused and I had decent R/R. I added wheere it seemed it was good for another leg down, then I scaled out fairly quickly in thirds just as things got choppy.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-22 10:01:01 | FB | sell | $84.000 | short |
| 2015-04-22 10:01:01 | FB | sell | $84.000 | short |
| 2015-04-22 10:02:19 | FB | sell | $83.870 | short |
| 2015-04-22 10:04:08 | FB | buy | $83.850 | short |
| 2015-04-22 10:04:59 | FB | buy | $83.780 | short |
| 2015-04-22 10:08:30 | FB | buy | $83.850 | 0 |
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