Bear flag breakdown continuation on the daily. The 9 ema had already crossed below the vwap and was curling downward over the price. Price had pulled back near the 9 ema and a red candle held. Sold into the bear flag on confirmation. price began to consolidate and the price movement was too much for me so I exited eventually to avoid any risk I may encounter. I did not realize that I had broken my own rule of only trading stocks that move between 10 cents and 50 cents intraday. Anything higher moves to fast for me. On a positive note, I chose a great setup because, had I had the emotional self control to trade such a big mover, I would have benefitted from the great price movement that followed. Oh well.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-11-30 10:14:00 | OPHT | sell | $32.360 | short |
2016-11-30 10:26:00 | OPHT | buy | $32.330 | short |
2016-11-30 10:27:00 | OPHT | buy | $32.360 | 0 |
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