OSIR Trade on Aug 13, 2013 12:18 from johnc_BOWS: Tradervue User Stock Trades.

Shares traded: 10800
Closed P&L: $571.47

Assumptions:
Was hoping for quick in-and-out play, taking profits when I had them. I wish I had written about this sooner because I've forgotten my exact reason for scalping so quickly. For some reason, OSIR just seemed to act really predictably.

Plan:
Scalp on bear flags, shorting anytime OSIR touches 9ema or 20ema, which both seemed to be consistently acting as levels of resistance just after 9:10am. Shorted on high ends of the range of each candle and immediately covered when I got to my specific target.

Lessons:
First entry:
Shorted as a new bear flag seemed to be forming. Didn't let the pattern develop all the way, instead taking profits quickly as soon as I had 10 cents.

Second entry.
Possible cowboy play. I think I assumed that there was not enough volume to break 20ema resistance so I sold at the top of the candle as it hit 20ema with a stop just above it. Sold at the bottom of that 5-minute candle.

Third and fourth entry.
I think my assumption was that the bear flag was still valid. I clung on as it went into accumulation, thinking that it would reverse any minute without breaking $22.56. Stock went into a range so I just took my profits and left it.