Found this idea from chat as an earnings breakdown setup. I think I tried to follow a trade on a bear flag. I held too long as this was a scalp trade. I should have taken the idea and allowed myself to enter on a bear flag that I liked. It later setup a really nice bear flag that faded well. Thankfully the trade was flat but should have been a better gain.
Take aways:
Play a scalp like a scalp, short trades. The bigger fades sometimes take longer to setup.
Better recognize resistance to identify a better short entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-20 09:43:49 | URI | sell | $111.990 | short |
2017-04-20 09:52:13 | URI | buy | $111.890 | 0 |
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