Play: Bear Flag
Stock was trading in a new range, and had trouble bouncing. When it kept tapping 7 without breaking out, i thought it had another leg down or at least, i could put a starter and be patient to add size on the break down. Great entry as it stuffed at 7 with volume, and then it wicked me out, got stopped out right before it flushed 60cents. Very frustrating as I had a great entry and did exactly what i had planned.
Reasons to sell:broke resistance
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-20 10:53:45 | ERII | sell | $6.980 | short |
2015-10-20 10:53:53 | ERII | buy | $7.070 | 0 |
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Nice entry