Grade=C
P/L=+1.3R
Entry: bear flag. Shorted after the opening rally. I didn't see volume coming in and the price action seemed pretty flat which gave me a bearish bias. I was considering this a shortable bounce after the significant drop of last session.
Result: I got the move and scaled out pretty nicely.
Lesson: I'm pretty happy with this trade and the way I put together the picture from the daily chart with the intraday price action and things worked out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-28 10:10:18 | SWHC | sell | $27.430 | short |
2016-03-28 10:17:14 | SWHC | buy | $27.220 | short |
2016-03-28 10:18:35 | SWHC | buy | $27.010 | short |
2016-03-28 10:22:15 | SWHC | buy | $27.209 | 0 |
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