just didnt get out when i was supposed to originally. then when i did exit it was due to making new lows, under the 9 and 20 and showing signs of breaking vwap. of course, as usual, i sold at the bottom and then it started to run. been having a real tough time lately nailing these trades. i was on a good winning streak and then sept came around and i started getting crushed.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-11-16 11:24:00 | SINO | buy | $6.400 | long |
2016-11-16 15:03:00 | SINO | sell | $5.410 | 0 |
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I wouldn't consider this a clean trade-able flag, after a big spike like that the stock needs to either pullback more or consolidate longer. The clean setup was before 11:00. I got long at 10:04 @ 4.49 and then added more shares at 4.33. The stock was flagging over vwap and the 9ema was starting to come right up under the flag. Thats a low risk setup