2nd day continuation of a flag breakout on the daily. entered into a quick pullback buy once I saw price pullback to the 9 ema as it was curling up under price, test, and a green candle was holding. Entered within a minute before the next candle opened. Price ended up pulling back and I was stopped out of the position. I made 2 mistakes with this trade. The first was not waiting until the 9 ema crossed above the vwap before entering the stock. The second was not waiting for a deeper pullback. Price had ran up $2.00 in 15 minutes which is grounds for a significant pullback
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-12-08 09:54:00 | JWN | buy | $60.540 | long |
2016-12-08 10:11:00 | JWN | sell | $60.180 | 0 |
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