Setup (intraday): flag
Setup (daily): gapper
Stop: right under 9 ema
Reason for taking trade:
Concerns: Really big move might need more of a pullback
Mistakes:
Anticipation/Confirmation: Anticipation
Market above or below 50 MA: Above
Bought when it looked like it was breaking out same candle came right back down through the 9 EMA.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-03-06 11:07:03 | CNCE | buy | $17.590 | long |
2017-03-06 11:08:45 | CNCE | sell | $17.230 | 0 |
2017-03-06 11:25:28 | CNCE | buy | $17.310 | long |
2017-03-07 10:46:51 | CNCE | sell | $17.330 | 0 |
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Looking at the 5 minute chart, this looked like a short setup to me under $17 break.