Bear flag breakdown. This stock was a bit too far from the MA to offer good r/r when I shorted it so I gave it a little more room above the MA because of that. It was a larger loss ($93) because of that but the main issue was simply that I was early on the entry and needed to wait for a better setup.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-11-13 14:06:04 | ACM | sell | $18.750 | short |
2012-11-13 14:30:57 | ACM | buy | $19.060 | 0 |
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