This stock moved up very quick and fast at the open. I missed the flag at the open and was waiting to see if this offered another opportunity. Unfortunately it didn't and I was trying to make a valid setup out of this. Clearly this stock was very over extended on the 5 min chart, but I was still trying to get long for the breakout. I tried it twice and both times it stopped me out.
Bad trade because of how over extended it was on the intraday chart.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-05-24 10:00:42 | TGI | buy | $31.800 | long |
2017-05-24 10:01:42 | TGI | buy | $32.150 | long |
2017-05-24 10:10:01 | TGI | sell | $31.600 | 0 |
2017-05-24 10:15:24 | TGI | buy | $31.800 | long |
2017-05-24 10:16:32 | TGI | sell | $31.400 | 0 |
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