It was kind a bear flag for me. The stop, that I placed, was too tight again. It dropped me out of the position just with candle's tale and went in a right direction. If I placed a stop at 9.25, I would lighten my risk reward ratio to 1/3, but there would no loss at this deal.
One more lesson to place stops at some key level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-07-22 11:48:21 | BCEI | sell | $9.120 | short |
2015-07-22 12:01:25 | BCEI | buy | $9.200 | 0 |
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