Shared by
ckz8780
Short side flag breakout...Entry was probably better around $67.25 but in general this was just not a good setup. Easy money was made on the $68.50 breakdown.
500 shares
-$85.00 (-0.25%)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-08-30 10:56:38 | QCOR | buy | $67.480 | long |
| 2013-08-30 11:07:52 | QCOR | sell | $67.310 | 0 |
Comments
ckz8780
You nailed it k-man. Sometimes I just get so bored and I want to make a trade out of nothing when there just isn't one there! Gotta wait for A+ opportunities and my bread and butter like you said
markmandy54_BOWS
Is it just me or is hard finding the A+ setup realtime but after the market close they're all over? I see the entry you took Chris as looked like a flag and would start the bounce back. Is it cuz it'd been moving down all morning that negated the bounce flag?
kunal00
just because a stock goes sideways for few candles doesnt make it a flag.. how do u know tahts a bull flag or bear flag? all stocks have story and context beyond just what a couple candles say. I look at this stock and i dont see anything not a bullish setup or bearish setup..just nothing redeeming that says oh buy me.. ......... we are traders here not flag nazi's we dont just go around buying stocks eveyrtime we see a couple candles go sideways. a case has to be built!!!!!!!!!!1
Awesome. Kunal is the only person I know that can teach a lesson and at the same time drop some World War 2 knowledge.
Wow, and the official Jacka$$ award goes to me for listing WWII reference as opposed to a WWI. Looks like i need to go back to school.
I still got the point however and was a great one.
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be more selective. this is not ur bread and butter. focus in on ur best setups when trading such size a 35k position warrants you being in your A+ plus setups especially with weird market conditions.