Shared by
ToqueX
Grade=D
The setup: bear flag
The result: Stopped out. I thought it was testing the bottom of the opening range and was looking for some retracement of the gap up. Didn't get it. In future, if I want to take a trade like this, I should at least wait to short high in the range, so at least I have some buffer if it doesn't break the lower edge of the range. Plus, shorting a strong stock in the morning is low probability which is the last thing I need, no matter how great the R/R may appear to be.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-09-23 10:22:22 | HRTX | sell | $39.870 | short |
| 2015-09-23 10:23:25 | HRTX | buy | $40.550 | 0 |
| 2015-09-23 11:07:43 | HRTX | sell | $40.930 | short |
| 2015-09-23 11:10:24 | HRTX | buy | $40.600 | short |
| 2015-09-23 11:14:29 | HRTX | buy | $40.400 | 0 |
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