This was a very dumb trade. I should have played this as a G/R. Now reflecting on the trade, it was apparent that this was forming a bear flag and I was playing it to the long side. I should have cut my losses quickly and gotten out of the trade.
I'm definitely still learning.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-13 09:40:47 | EBIO | buy | $5.890 | long |
2015-08-13 09:51:48 | EBIO | sell | $5.140 | 0 |
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