Bear flag--didn't lock in any profits and took .04 as opposed to .40. That is why it is important to put orders out there for the cover.
$19.00 was support level, and I saw selling, so I took a short. That area was support for about 1 and 1/2 hours, so when it broke I was looking for a larger move. But the move never came. That is why I sized up, but forgot to put in orders.
1.) Set partial orders for fills after the trade has been executed
2.) Keep reading the tape and L2 to see if there will be continuation in the stock
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-06-27 13:12:00 | CBI | sell | $18.910 | short |
2017-06-27 13:41:00 | CBI | buy | $18.870 | 0 |
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