Grade=C-
P/L= +1.39R
Entry: short on the flat bottom within the downtrend.
Result: I had to survive a drawdown before the move took hold. I could have ignored the first spike as an anomaly and not included it in judging this as a flag bottom. Then I would be expecting at least a bit of a bounce for a decent entry which did come and I survived it while also breaking my rules and letting it run past my stop by more than I'd like.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-04 11:42:39 | VRX | sell | $94.920 | short |
2015-11-04 11:42:39 | VRX | sell | $94.920 | short |
2015-11-04 12:05:57 | VRX | buy | $94.000 | short |
2015-11-04 12:06:39 | VRX | buy | $94.340 | 0 |
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