WMT Trade on Nov 15, 2012 15:14 from ckz8780: Tradervue User Stock Trades.

Attempted bear flag breakdown. WMT was bear flagging right above $68.40 where it had tapped 3-4 times already that day so I thought it might dip quickly to $68 for a scalp. I should hve just gotten out after it failed to break down the second time after retesting the MA but the main issue with this is that it was just too far away from the moving average and it hadn't based enough yet. I either needed to catch this at $68.75 where the major breakdown was (you can see that in the big red candle right before my entry below) or trade it for a bounce off the MA to lower my risk. Lost $33.00.