flagging on the daily chart. entered into intraday bear flag and exited when I saw price pulling back. Shouldn't have taken this trade. Price was not breaking down on the daily chart. Plus, price made huge moves early on so I should have expected a deeper pullback/ longer consolidation before price continued to breakdown.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-01-30 10:33:00 | MAT | sell | $26.050 | short |
2017-01-30 10:46:00 | MAT | buy | $26.150 | 0 |
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