Play: Bull Flag
Stock had a PR, thought it would show strength from the opening but didn't. Lots of selling then based out and started grinding higher until real volume came in. I got in on the flag which was holding, waited for 9ema to catch up and got in. Nice entry but all i saw was how extended it was on the daily so I sold as a piker in the round #, wasn't ready mentally or technically for it. It ran exactly to the 52 week high, I didn't scale out, should have waited for round # to see how it was going to react, whether stuff or not. Not a good trade at all, left so much on the table.
Reasons to sell: not prepared, thought it was overextended, round # which should be a catalyst for chasers
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-20 14:09:19 | ISR | buy | $2.930 | long |
2015-05-20 14:09:45 | ISR | sell | $2.990 | 0 |
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