I got a bit too much slippage on this trade. My mistake was letting myself get scared out of the trade. I bought the flag breakout and knew that I was good as long as the stock did not re-enter the triangle. It didn't, but I sold anyone in anticipation that it would. Took a $160 loss instead of a potential $1000+ gain. Live and learn.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-26 11:00:23 | UVXY | buy | $62.670 | long |
2015-08-26 11:04:28 | UVXY | sell | $61.840 | 0 |
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