intraday flag breakout...I thought it might continue its bounce off the 20dma from yesterday which was probably a bad play since the market was down, but when it tapped the 9.10 are twice I took a position long when it pulled back to support, it ended up breaking below support so I had to sell
2nd time...it finally broke above 9.10 so I bought some in the flag, broke below again and had to sell, too lose with my stop the 2nd time should of had it at 9.09 which would of limited my losses
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-03-19 10:29:55 | NQ | buy | $9.030 | long |
2013-03-19 10:37:55 | NQ | sell | $8.980 | 0 |
2013-03-19 11:35:48 | NQ | buy | $9.150 | long |
2013-03-19 11:58:40 | NQ | sell | $9.020 | 0 |
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the orignial bounce trade we had was over the 20dma bounce so now we are just fighting or scraps especially considering it opened strong again. thats a 2 day bounce off no news or pr just on technicals. intraday breakouts are the best when there is pr , earnings, or its a huge momo stock