Grade=D
Swing
The setup: flag
Result: I got stopped out on the one big down day on a spike. I broke through my stop and I lost more than I bargained for on the stop. I likely could have exited for a loss about $1/share higher if that didn't happen. That's what stops are for though.
The lesson: The flag setup wasn't that great because it was getting looser as the days went on instead of tighter, therefore lowering the probability of a breakout.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-10 11:01:39 | TTWO | buy | $31.460 | long |
2015-08-11 09:30:09 | TTWO | sell | $29.290 | 0 |
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