Play: Bear flag
Stock opened strong, didn't try to fight it even thought 2 seemed like a great short for a starter. Waited for it to base which it did right under VWAP. It then stuffed everyone in the VWAP and failed so got short. I got scared because float had rotated and didn't break that low of base or touch it so sold flat. Bad discipline, should have held with stop at 1.85 and let it fade.
Reasons to sell:got scared, bad discipline, let float rotation get to my head and everyone being short bias on it can squeeze
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-06 09:58:36 | WGBS | sell | $1.750 | short |
2015-10-06 09:59:10 | WGBS | buy | $1.750 | 0 |
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