Got in thinking it was a bull flag, but upon watching the volume and patters forming, I felt that I should tighten my stop. Stopped out, and good thing.
Mental Grade = 80%. Stuck to my rules, intuition on the patterns forming was spot on.
Paper Grade = %50. Wasn't a clean setup, if anything, I should have been watching for a short trade. I fail this trade because I was not seeing the setup that was forming.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-17 13:57:52 | SCTY | buy | $21.980 | long |
2016-02-17 13:59:24 | SCTY | sell | $21.850 | 0 |
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