Huge gap down which also formed a bear flag. Went in with small position as the risk to reward had a major spread and I did not want to risk a $50 loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-27 10:21:05 | AKRX | sell | $44.400 | short |
2015-04-27 10:31:03 | AKRX | buy | $43.950 | 0 |
2015-04-27 10:41:02 | AKRX | sell | $44.080 | short |
2015-04-27 10:46:30 | AKRX | buy | $44.030 | 0 |
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i like theat first entry but its a bit long in the tool it alrady dropped down and bounced or mini flagged a few times so when ur on ur 5th flag the odds get smaller and smaller