Grade=D
The setup: bear flag
The result: A pretty big disappointment now after seeing the big move that happened. I was right on the direction, but had my mental capital eaten before the real move happened and I got out thinking that not much was happening.
That was a beautiful drop!
The lesson: If I were more objective at the time, I would have noticed the trend line that formed and then broke just after 11am. Then I could have been prepared to add to my position on the break of 67 and ridden the pony to the downside and scaled out and profited in a fun way.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-08 10:38:09 | CTRP | sell | $67.060 | short |
2015-09-08 11:12:32 | CTRP | buy | $66.960 | 0 |
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