Another failed flag break out. Again I could have entered a bit earlier around $30.95.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-03 15:36:22 | TXTR | buy | $31.069 | long |
2014-01-03 15:36:22 | TXTR | buy | $31.070 | long |
2014-01-03 15:37:45 | TXTR | sell | $31.100 | long |
2014-01-03 15:41:51 | TXTR | sell | $30.950 | 0 |
I can see getting into this one as it was oversold on the daily. But would have gotten in earlier in the day, maybe on the r/g. I like Kunal's point about intra-day momo patterns on non-momo stocks. I tend to forget that point too!
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this intrday pattern I'm not sure i enter this based not he daily.... ur using a momentum setup on a non momentum stop that doesn't match. on non momentum stocks u use non momentum setups . u get in low and sell high