Shared by
ckz8780
Daily bear flag breakdown. I watched as this stock was quickly shoved back down from a peak of $36.80 when it tried to pop with the morning rush. The quick failure and subsequent inverted hammer was a clear sign of weakness so I anticipated the breakdown once the stock started to go red. I took a nice little gain on 100 shares of around $82. I also re-added short on the bounce but covered before it broke down cause I was getting a little top heavy and had gotten into too many positions at once.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2012-11-08 09:54:40 | CLF | sell | $36.390 | short |
| 2012-11-08 10:05:24 | CLF | buy | $35.820 | short |
| 2012-11-08 10:54:52 | CLF | buy | $35.520 | 0 |
| 2012-11-08 11:18:53 | CLF | sell | $35.620 | short |
| 2012-11-08 11:18:53 | CLF | sell | $35.630 | short |
| 2012-11-08 11:54:19 | CLF | buy | $35.525 | 0 |
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