Shared by
Mari_BOWS
2nd trade out of 4 in EXAS today.
I found EXAS on benzinga.com pre-market losers. It was downgraded and gapped down. I shorted every bear flag/pullback.
Entry: I shorted the bear flag with stop at $11.11 (above the bear flag price resistance).
Exit: my target was the LOD at $10.52 (also 2R target) or lower. I figured the stock would keep making lower lows. I was impatient/scared of a reversal and started to scale out much sooner though. The low was $10.33, which would've been almost 3R target.
I got 1.3R out of this trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-10-06 10:32:06 | EXAS | sell | $10.910 | short |
| 2015-10-06 10:36:26 | EXAS | buy | $10.670 | short |
| 2015-10-06 10:37:22 | EXAS | buy | $10.680 | short |
| 2015-10-06 10:38:12 | EXAS | buy | $10.690 | short |
| 2015-10-06 10:39:53 | EXAS | buy | $10.630 | short |
| 2015-10-06 10:49:59 | EXAS | buy | $10.600 | 0 |
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