Setup (intraday): quick pullback buy/bear flag
Setup (daily): extended into resistance (50 MA)
Stop: 68.20
Reason for taking trade: extended and overbought going into resistance
Concerns:
Mistakes:
Anticipation/Confirmation: Anticipation
Market above or below 50 MA: Above
Missed the first entry of red to green. Waited for a pullback and got in early so only went in 1/2 shares. Sold 1/2 into support and got out the rest when it started curling and breaking MA's
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-01-06 09:47:44 | SINA | sell | $68.080 | short |
2017-01-06 12:22:42 | SINA | buy | $67.310 | short |
2017-01-06 13:59:37 | SINA | buy | $67.500 | 0 |
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