Side: Short
Daily Pattern: Gapped up
When I got in: 60.90
Stop Loss: 6.15
Why: Thought it was bear flagging. Didn't want to get shook out on a spike back above 61.00 so set stop at 6.15. Not sure what I was thinking on 2nd short.
When I got out: 61.15
Why: See other why.
Other Notes: Does the 3rd bear flag not work? Happened on another stock too. Stop Losses were set good.
How I think I did: C
10/26/16: It was almost 11 so probably needed a longer flag. Still looks like a pretty good setup to me depending on where the SMA & EMA & VWAP were....Actually if VWAP was right under it this was a stupid play kind of.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-09-28 11:01:56 | SRPT | sell | $60.900 | short |
2016-09-28 11:09:03 | SRPT | buy | $61.110 | 0 |
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