Play: Bear Flag bounce into VWAP
Stock squeezed off the bottom, had SSR on so could just be a squeeze. Waited for VWAP test and stuff, got in, great entry, expected a flush but didn't. It held and instead of holding 5cent stop, I got out flat. SSR means it will take longer to drop and when entering on bounces, I can't expect a drop. It needs a different mentality with more patience when entering on a bounce bc there are still dip buyers and chasers to get through. Not good discipline as i should have been more patient. SSR always give me trouble.
Reasons to sell: undisciplined, not patient enough
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-08 11:17:09 | WGBS | sell | $2.270 | short |
2015-10-08 11:19:15 | WGBS | buy | $2.270 | 0 |
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