Shared by
Kinglyfestyle919
C was near support, but it still had about 70 cents to go. I got in around 10:18 looking for a 10 minute bear flag to play out. The trade ended up being closer to a 15 minute bear flag but it still played out. Looks like I just needed to be a bit more patient here.
Pros:
1. Stopped out of the trade instead of letting it continue to run against you.
Grows:
1. You lost a little more than you planned here, because you didn't put your stop in the market on the second leg of the trade. ALWAYS ALWAYS ALWAYS PUT YOUR STOPS IN.
2. Be more patient with these flag patterns.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-11-17 10:18:12 | 26 NOV 21 65 PUT | buy | $0.2500 | long |
| 2021-11-17 10:33:13 | 19 NOV 21 67 PUT | buy | $0.4900 | long |
| 2021-11-17 10:39:20 | 19 NOV 21 67 PUT | buy | $0.4300 | long |
| 2021-11-17 10:47:08 | 19 NOV 21 67 PUT | sell | $0.4000 | 0 |
| 2021-11-17 10:47:09 | 26 NOV 21 65 PUT | sell | $0.2300 | 0 |
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