PLAY: Bear Flag
Bad trade, I knew it the second I got in and should have just gotten out. Thought the 6.25 level was going to break and when it didn't, i should have took it off, instead waited and then got stopped out. I didn't want to take the few penny loss as it still looked weak but when it tapped 6.26 and didn't do anything, that should have been my queue to get out.
It was too extended at that point, need to squeeze one more time before breaking down such a big level.
Reasons to sell: stopped out
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-14 10:26:19 | VBLT | sell | $6.290 | short |
2015-05-14 10:27:18 | VBLT | buy | $6.450 | 0 |
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