Daily bear flag into falling 9MA. Gap down breaking the rising 30 min Bear flag trendline. Short with a -.25 stop. Target +.50, +1.25. Great initial selloff on volume to T1 and looked like was forming a intraday bear flag. Looked to add original 500 back around 57 area but never filled. Rolled over but didn't make lower low so that was the key to take off but i didn't do it quick enough.
Other big mistake was shorting a stock the morning of a HUGE gap down in the market overall.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-30 09:31:30 | QCOR | sell | $56.500 | short |
2013-09-30 09:32:01 | QCOR | buy | $55.940 | short |
2013-09-30 09:55:13 | QCOR | buy | $56.740 | 0 |
In hindsight, this would have been a nice red-to-green play, but I wouldn't have guessed it from the daily chart.
yeah, this one was tricky - you got the first play right. Might have been best to sell it all outright, then switch to a long strategy on the bounce. Then again, how do you know what the stock is going to do on a chart like this? Very tricky.
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good learning experiences.