Saw a bear flag breakdown on the daily chart. Waited for an entry on the intraday chart. Price tapped the ma and I sold once I saw a red candle that held. Entry was at $61.64 and I sold 10 shares. I thought the downward move would continue from there but it didn't and I bought all my shares back at $61.31 out of emotion. My mistake was not taking the time of day into consideration. Price ended up bouncing off the vwap and the making the downward move I was hoping for.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-08-30 10:37:00 | TRIP | sell | $61.640 | short |
2016-08-30 10:53:00 | TRIP | buy | $61.750 | 0 |
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