Shared by
sk6345
Stock gapped up at the open, breakout of resistance above price, then pulled back below resistance. Entered into what I thought was a quick pullback on the intraday chart, thinking it was gonna bounce to the up side. Price was actually forming a bear flag and I was stopped out. Reentered when I saw price flagging after it had broken past its ma's and headed back to the upside. Put a tight stop in fear of taking a second loss in this stock. Ended up getting stopped out. I believe my mistake with this trade was longing a gapper that was not absolutely clean. Plus, the SPY was trending down intraday lessening my chances for a successful long setup.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-03-14 09:59:00 | EDIT | buy | $27.300 | long |
| 2017-03-14 10:11:00 | EDIT | sell | $27.070 | 0 |
| 2017-03-14 10:54:00 | EDIT | buy | $27.250 | long |
| 2017-03-14 10:56:00 | EDIT | sell | $27.100 | 0 |
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