I played this as a bear flag and entered once it consolidated. I ended up getting squeezed out and I re-entered the trade again to try to catch another move and I got stopped out.
My first entry should have had a much higher stop than .38 cents. Ultimately I think that killed this trade for me.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-08 10:15:25 | BCRX | sell | $9.000 | short |
2015-10-08 10:18:05 | BCRX | buy | $9.380 | 0 |
2015-10-08 10:32:15 | BCRX | sell | $9.490 | short |
2015-10-08 10:55:33 | BCRX | buy | $9.350 | 0 |
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