Saw price breakdown continuation on the daily chart. Thought I saw a bear flag on the intraday chart so I sold into it. Price began to reverse and I bought out of it. I thought I saw a bear flag forming intraday on tc 2000, but when I look at it on here I see nothing that even resembles a bear flag. Maybe my settings are wrong on tc 2000. Another mistake I made on this trade was that price was over extended on the daily, so I should have suspected a snapback. Plus price was tapping the 200 sma, another reason I should have stayed away. On a more positive note, I took this loss early in the day but was able to keep my composure and finish my day with my highest green day yet!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-10-11 09:43:00 | DOV | sell | $66.580 | short |
2016-10-11 09:52:00 | DOV | buy | $66.800 | 0 |
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