Looked like it was bear flagging and extended on daily. Broke my rule of not shorting strong stocks before 1pm.
Symbol: CMCM
Time of trade: 11:38am
Size of Position: 100
Day trade
Price: 29.75
Market above/below 50 DMA: Yes
Setup: Bear flag
Long/Short: Short
Gain/Loss: -$43.99
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-15 11:38:05 | CMCM | sell | $29.750 | short |
2015-05-15 11:44:51 | CMCM | buy | $30.190 | 0 |
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