price had broken level of resistence on the daily and 30 minute charts. I enter into an intraday bear flag thinking there would be further downward movement and wanted to get in before it occurred. I failed to account for the fact that price was extended on the 30 minute chart. Once I noticed price wasn't breaking down any further I got out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-01-05 11:25:00 | GNC | sell | $11.000 | short |
2017-01-05 11:47:00 | GNC | buy | $11.020 | 0 |
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