I was anticipating some sort of flag but I made my entry as a result of the stock dipping below the VWAP and 9 EMA but then remounting above. This showed me a sign of strength so I immediately got in with a stop below the vwap. The stock continued to form its flag formation and broke out. I was expecting to sell at 4.75, which is 5 cents lower than the morning high, but the stock only went to 4.74 and dropped to 4.67, at which I point I sold impulsively out of panic. It wasn't a horrible place to sell, but I need to learn to do so under more mentally calm circumstances.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-06-25 10:44:21 | RGSE | buy | $4.460 | long |
2015-06-25 11:21:35 | RGSE | sell | $4.670 | 0 |
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excellent