Grade=D
The setup: bear flag
The result: Stopped out. I was quick to move the stop to break even. If I had held on, I could have caught the move, but I didn't have too much conviction in this idea. So maybe I shouldn't have taken the trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-07-20 10:52:52 | SRNE | sell | $24.250 | short |
2015-07-20 10:58:22 | SRNE | buy | $24.250 | 0 |
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only put it at break-even if it makes sense..use the nearest support/resistance level if thats more powerful