BANC Trade on Apr 19, 2017 09:48 from sk6345: Tradervue User Stock Trades.

SPY gapped up into 20 sma on the daily. ORB on the intraday chart.

Stock was in a flag pattern on the daily. It was close to breaking so I looked intraday to get in the stock before it did. I was an orb forming intraday below multiday intraday resistance. I entered on anticipation, as the break of this flag would lead to a third tap on intraday resistance. I was hoping of a flat top breakout. Price did breakout and went on to form another flag. I did a partial sale of my shares as the new flag was forming. Was stopped out completely when price pulled back to my entry.

I believe I made a mistake when I changed my stop to my entry after selling of my first partial. So, when price pulled back to my entry, I ended up shorting some shares. I exited as soon as I realized this.

My mistake was not taking into account that the SPY had gapped into resistance on the daily. I should have taken trades with a bias towards the downside or not have held onto long positions for as long due to this fact.