Shared by
jmos_BOWS
Play: Bear Flag
Stock opened strong but couldn't hold gains, i scalped a few times which was bad as i left so much money on the table. It then dropped to 3, cracked and remounted, tried to bounce but couldn't hold it, bounce was also on low volume. Got in for break of round #, sold partial in the flush and scaled. I should have taken bigger size on this and this should have been an add fro my 3.8 entry or even 3.5 and not another separate trade. Need to work on my patience and trust the bigger set up once a stock has cracked.
Reasons to sell: flush, scaling out, semi-round #, rode the 9ema down
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-08-12 10:17:26 | CERE | sell | $3.010 | short |
| 2015-08-12 10:19:07 | CERE | buy | $2.900 | short |
| 2015-08-12 10:19:18 | CERE | buy | $2.830 | short |
| 2015-08-12 10:28:27 | CERE | buy | $2.680 | short |
| 2015-08-12 10:53:04 | CERE | buy | $2.530 | short |
| 2015-08-12 13:30:06 | CERE | buy | $2.360 | short |
| 2015-08-12 15:16:02 | CERE | buy | $2.120 | 0 |
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