Shorted a bear flag early on a multi-day setup. Shaken out of first trade after adding 50 more shares. Got back in on the low of a candle instead of shorting the high, The stock had a great gain, I kept moving my stop downward. My problem is that I was expecting it to go down to $32 and I did not cover into the volume spikes and got caught in the intraday bear flag.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-22 09:40:42 | CMCM | sell | $33.778 | short |
2015-05-22 09:57:17 | CMCM | sell | $33.850 | short |
2015-05-22 10:07:29 | CMCM | buy | $34.120 | 0 |
2015-05-22 10:19:12 | CMCM | sell | $33.892 | short |
2015-05-22 11:14:16 | CMCM | buy | $33.440 | short |
2015-05-22 13:04:40 | CMCM | buy | $33.120 | 0 |
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