Not sure what happened here.It was kinda of a long weird flag but again, when there are no trendlines... its not a flag. I need to stop forcing flags.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-06 13:42:29 | DECK | buy | $88.360 | long |
2014-01-06 14:01:11 | DECK | buy | $88.539 | long |
2014-01-06 14:13:13 | DECK | buy | $88.580 | long |
2014-01-06 14:28:17 | DECK | sell | $88.370 | 0 |
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That was an odd little flag wasn't it?! It was moving right with the 20ma there, so I can understand why you got in. What I don't understand is your scaling in on 3 different buys - is that something you do often? You were buying when I would have been selling some, taking some profit just under that hod resistance. Nice stop though - you didn't risk too much.