WBMD Trade on Jan 14, 2016 10:16 from ToqueX: Tradervue User Stock Trades.

Grade=C-
P/L= -1.3R

Entry: Entered on what I saw as a bear flag after the gap up and a pullback that didn't look to be getting bought because volume was slow and price action was getting tighter.

Result: Got stopped out on a rally which continued to the opening price at 58. Then the real move came without me.

Lesson: If i had had more conviction in my thesis I would have been watching this for a second entry after the test of 58. News came out from the company that the acquisition rumours were false. Next time I could consider an even smaller position and possibly wait to add a second piece on confirmation. In this case, I still may have been stopped out unless my stop was wide enough to absorb a 58 retest + a few cents. That would render my position tiny, but with the add on confirmation, perhaps that could work. Something to think about.