Shared by
sk6345
flag breakdown continuation on the daily. entered on the break of an intraday bear flag. Was stopped out during a bull back that followed. Reentered during the next red candle thinking price would breakdown at this point. I was eventually stopped out for the second time.
My mistake was not considering the fact that this stock was over extended having ran down the ALL DAY the day before. An with the initial push to the downside at the open further extending the price, there was no reason for me to short this stock.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-04-04 09:49:00 | CAR | sell | $27.390 | short |
| 2017-04-04 10:01:00 | CAR | buy | $27.660 | 0 |
| 2017-04-04 10:04:00 | CAR | sell | $27.500 | short |
| 2017-04-04 10:14:00 | CAR | buy | $27.650 | 0 |
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