This looked like a decent bull flag except for that it had a candle with a huge wick at the beginning of the day. That ruined the look for it and ruined the probability. It spiked up for a second and I thought it could have a chance to run. I'm making a new rule to not long bull flags with big wicks at the top of the flag pole. I almost always lose on these I feel. This was also below the VWAP so when it hit VWAP, it immediately switched direction. ONLY LONG ABOVE VWAP.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-13 10:28:45 | ADPT | buy | $2.430 | long |
2017-04-13 10:28:47 | ADPT | buy | $2.430 | long |
2017-04-13 10:29:21 | ADPT | buy | $2.390 | long |
2017-04-13 10:29:51 | ADPT | sell | $2.370 | 0 |
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