Shared by
TomB_BOWS
Looking for a failed breakout. Shorted at resistance but stop was a little to loose. No short setup and broke the "don't short strong stock before 1 PM" rule. It later broke the trendline but not till much later.
Symbol: QUNR
Time of trade: 10:16
Size of Position: 100
Day trade
Price: 50.94
Market above/below 50 DMA: Yes
Setup: Flag
Long/Short: Short
Gain/Loss: -$26.00
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-06-05 10:16:12 | QUNR | sell | $50.940 | short |
| 2015-06-05 10:16:44 | QUNR | buy | $51.200 | 0 |
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