Play: Bear Flag
Stock opened strong but has history of fading and not holding gains. It based out and either wanted to get in on the break of 2.65 or after a squeeze to the VWAP. It did squeeze so put in a starter with stop above that high. I was too early last time so i let it squeeze and show me a sign that it couldn't hold and then i got in. I wanted to add on break of 2.65. Took partial gains at the base just in case with plan of re-adding. It looked good for a fade back to 2.5 but then volume came in and stopped me out. Frustrating as it was pretty random but followed plan so fine with that.
Reasons to sell:support, buy price
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-15 10:07:14 | CAPN | sell | $2.770 | short |
2015-09-15 10:10:14 | CAPN | buy | $2.670 | short |
2015-09-15 10:14:11 | CAPN | buy | $2.820 | 0 |
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