Bought long when price passed above 5-min 9EMA and VWAP on high volume. Then suddenly realized this looked like a bear flag, so set stop below the trendline, which I had decided was a bounce spot before. This went way over my max loss per trade; I thought I'd waited for confirmation. Stopped out.
Trendline:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-06-17 09:49:24 | QIHU | buy | $72.145 | long |
2015-06-17 09:51:33 | QIHU | sell | $71.600 | 0 |
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