Shared by
tee
Day chart - 3 day pullback done, doji before reversing today, bullish
Buy - flag with both MAs supporting. I actually sold by mistake, work distractions. Had to rebuy.
Sell - two 5min candles formed pennant, stock broke to downside, I got defensive and took what I could and ran. Didn't want to see profits turn red.
Lesson - missed 1st flag that held MA support, missed 2nd flag just before this one so really I could have entered 0.50 to 0.60 lower.
Another 2 eentries later proved to be proper.
What sucks is I entered this EOD Friday, 1 day too early. I knew today had probability to run up but should have recognized the doji swing trade setup and how much power could be in this move. Had I been thinking that way id really be stalking entries vs focusing more on other names.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-11 11:09:00 | PTBI | buy | $8.250 | long |
| 2015-05-11 11:09:00 | PTBI | sell | $8.220 | 0 |
| 2015-05-11 11:11:00 | PTBI | buy | $8.210 | long |
| 2015-05-11 11:30:00 | PTBI | sell | $8.340 | 0 |
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