Shorted when price bear flagged on 5-min and 9-min charts; set stop just above 5-min 9EMA. Stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-06-11 10:40:23 | BOX | sell | $19.066 | short |
2015-06-11 10:45:46 | BOX | buy | $19.272 | 0 |
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You had the right idea as this stock was down trending. Sometimes you have to kind of wait for the bear flag to form correctly before you get in or have a bit of a looser stop. I use emas for my stops but you have to take it into context and not immediately sell/cover if it pops above. Emas are guides not an exact science. You need to learn to use them correctly. Looking back at this chart, the way I trade I would have tried a short around $19.15 at 11:30. Hope that helps