Shared by
Boston
I went in very small with this stock because I guess I wanted to test how it moved? Not a good reason to get into a stock. My stop was not defined and it was over extended on the 5 min chart. The bull flag looked "OK" but not great so again, not a good reason to enter the trade. As soon as I got in, I knew this wasn't a good setup so I got out for basically breakeven.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-05-05 10:15:16 | MELI | buy | $268.130 | long |
| 2017-05-05 10:16:41 | MELI | sell | $267.910 | 0 |
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