Shared by
JamesDover_BOWS
PR/ Earnings gap up here. My bias was originally long, but it failed to break that flag. My first trade was really bad. There was no setup, and it was a pure gamble trade. The good thing is my risk management saved me.
The second trade was a pullback to a major support level. I longed it when it seemed to be bouncing off of support. But bear flags (on the daily) don't really provide that support. I wish I shorted that pop instead of longing it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-05-02 09:30:09 | ACAD | buy | $34.070 | long |
| 2016-05-02 09:30:17 | ACAD | sell | $33.700 | 0 |
| 2016-05-02 09:54:55 | ACAD | buy | $32.980 | long |
| 2016-05-02 09:55:54 | ACAD | sell | $32.650 | 0 |
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