Intraday bear flag breakdown - this was supposed to be a scalp but I went in a little too heavy and so I was forced to cut it too soon. should have given this up to $19.5 but I had too many shares to be comfortable with that. Improper position sizing killed an otherwise good trade. It did break down nearly 30 cents by the end of the day which could have been a $90-120 gain. Lost $34.00.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-01-04 12:39:11 | FTNT | sell | $19.330 | short |
2013-01-04 12:45:30 | FTNT | buy | $19.410 | short |
2013-01-04 12:45:30 | FTNT | buy | $19.420 | short |
2013-01-04 12:45:30 | FTNT | buy | $19.420 | 0 |
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