50ma on daily at 56.77 with a downward trendline in the same area.
Shorted early in the market day. I usually stay out of the first 30minutes but I decided to try something new.
Saw some flashes of green in between the red but eventually got stopped out.
I should not have taken this trade for a few reasons.
1. Too early in the day
2. No defined stop loss placement
3. I had already drawn a bull flag on the 5min chart which I not only ignored but went short just after if broke the top of the flag.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-22 09:36:29 | BITA | sell | $56.730 | short |
2015-04-22 09:42:32 | BITA | buy | $57.170 | 0 |
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