Shared by
BerlinTrader_BOWS
An example of a good read, but awful management.
On the Daily: Looking for bear flag breakdown.
Intraday: Played the Green to Red move after breaking through previous day's close.
The Good: read the play correctly
The Bad: Didn't take profits, let stock bounce, and froze up -- stock ran past my stop and I covered for a big loss.
Lesson Learned: take profits quick on opening moves. They are scalp plays. If play goes against you, then stop out asap. Don't let a stock run.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-06 09:38:00 | ISIS | sell | $58.350 | short |
| 2015-05-06 09:51:00 | ISIS | buy | $59.190 | 0 |
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