Shared by
sk6345
Stock gapped out of flag pattern on the daily. intraday, price gapped up at the open pulled back to test intraday price support and quickly bounce off of it. Entered next green candle that held.
price started pulling back when I was attempting to adjust my stop loss and I exited to out of fear the pullback would increase before I could before it was in place.
I reentered because the setup was still valid. Price failed at the 9 ema and I was stopped out.
I lost faith in the setup and wanted to lock in the small gains I made today so I stopped trading completely after this.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-06-19 09:45:16 | KITE | buy | $89.000 | long |
| 2017-06-19 09:57:22 | KITE | sell | $88.930 | 0 |
| 2017-06-19 09:59:54 | KITE | buy | $89.190 | long |
| 2017-06-19 10:11:58 | KITE | sell | $88.880 | 0 |
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