Saw a bear flag and shorted and covered around 40.5 because I didn't think it would break price support at $40 and the 20 moving average little about $40
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-08 09:46:33 | LVS | sell | $40.900 | short |
2016-02-08 09:54:25 | LVS | buy | $40.560 | 0 |
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Nice entry! Consider scaling out in these situations so you can capture more of the move. Of course, some just like to take all the profit in one try then just look for another entry. Both seem valid to me.