Shared by
nugrahaa1
Bear flag brokedown at 25.0 and LOD 24.5 brokedown.
Play 1:
Short entry at 24.47 with stop loss at 25.20. (70 cents!)
Cover at 23.25 after it spike-up.
Play 2:
Saw it brokedown 23 and touch 22.5.
Short entry at 23.5 with stop loss at 24.0.
Price dip back but not touching 22.5 and backup to 23.5 (maybe going to bounce), so Cover at 23.0.
Total P/L +$344
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-12-12 09:54:01 | ARCW | sell | $24.470 | short |
| 2013-12-12 09:59:10 | ARCW | buy | $23.250 | 0 |
| 2013-12-12 10:03:30 | ARCW | sell | $23.500 | short |
| 2013-12-12 10:09:07 | ARCW | buy | $23.000 | 0 |
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