I saw another bear flag breaking/ 50 retracement.
It almost hit 50 percent exactly and then we reversed. I am seen this pattern a lot on a strong red day. I took my entry here and go ready to ride the stock down.
We made some nice legs down and I took my profits as soon as I felt like we were going to turn and then I went to bed.
In the bigger picture this went all the way down to $7 per contract so I left about $300 on the table, but I am not always going to get the whole move and I need to be happy with that.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-23 12:38:15 | FEB25'22 730 PUT | buy | $2.540 | long |
2022-02-23 13:16:12 | FEB25'22 730 PUT | sell | $4.000 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!