Anticipating an intraday breakout from bull flag. It ended up breaking down below the flag and basing before breaking out. My stop was at 39.88. Stop should have been at 39.72 where there was real resistance, but missed it. Had my stop been 39.72 my position would have instead been much smaller (around 214 shares.) I also wouldn't have been stopped out of this one.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-01-07 13:18:00 | WLT | buy | $39.930 | long |
2013-01-07 14:00:00 | WLT | sell | $39.880 | 0 |
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