Play: Bull Flag
Stock gapped up, ran to new highs, then put in an ugly candle on the 5mns. It pb on lower volume and every push was on higher volume once it based out. It then made higher lows within that base which means it is holding. Once it held near the high of the range, i got in for a run to HOD but it never broke out and got stopped out. I love that set up but this should have been a flat trade or a smaller loss because one of my reasons to sell is if price can't lift at key points, then i should just get out and re-evaluate. In this case, 1.24 wasn't lifting even with the offer getting hit so should have got out flat.
Reasons to sell: stop loss
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-06-16 09:53:10 | ACUR | buy | $1.230 | long |
2015-06-16 09:56:36 | ACUR | sell | $1.180 | 0 |
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