Shared by
daljitsingh_BOWS
Got in on a bear flag.I got out almost flat, my stop wasn't hit but it looked like the market was turning. I should've stayed in the play.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-05 10:09:00 | FB | sell | $107.540 | short |
| 2016-02-05 10:20:58 | FB | buy | $107.440 | 0 |
Comments
Griffendore
Leave a comment about this trade!
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!
This is one of those trades to learn from, at least for me. Seems like a little bit of a chase for the quick pullback setup, but still real near the support (now resistance) on the daily chart. (http://screencast.com/t/aKfRPZ8p) Not a bad entry, but when I do this it's because I had too much size, too tight a stop, or lack of conviction do to my chase entry. For me, the way to get past this is to come to terms with this truth. Once you place a trade, you are immediately out of the money from your entry to your planned stop. There is nothing to lose from that point, only to gain.
This could have been an epic short.