Shared by
James-H-Moore_BOWS
Good- Recognized Bull Flag setup and exited on Bear Flag Pattern.
Bad- Exit was late. I recognized the resistance point, but hesitated.
Lesson- Scale out of position at resistance and hold part of the position for a lottery trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-06-01 10:25:00 | MGT | buy | $2.640 | long |
| 2016-06-01 12:20:00 | MGT | sell | $2.770 | 0 |
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