1. Decent trade idea given it was a flag testing daily highs (b- to b)
- Contraindications:
§ The initial push before the pullback was not huge relative to prior moves
§ Third pullback
2. Risk - .75 stop (.10)
a. Reward - break of whole dollar (.15 +)
3. I sized down below 1/4 as it was a 3rd pullback, weak internet, and not a great initial move
4. Managed the position by having to cut it entirely as it broke my SL and internet lagged with the volume
5. Learned - it is necessary to cut fast on failed breakouts like this one as they reverse hard when sellers take control
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-23 10:13:04 | CTIB | buy | $4.850 | long |
2021-02-23 10:13:08 | CTIB | sell | $4.750 | 0 |
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