Flag with no conformation. bad trade
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-07 14:28:47 | VRS | buy | $4.740 | long |
2014-01-07 14:28:47 | VRS | buy | $4.740 | long |
2014-01-07 14:28:47 | VRS | buy | $4.740 | long |
2014-01-07 14:28:47 | VRS | buy | $4.740 | long |
2014-01-07 14:37:24 | VRS | sell | $4.650 | long |
2014-01-07 14:37:25 | VRS | sell | $4.650 | long |
2014-01-07 14:37:25 | VRS | sell | $4.650 | long |
2014-01-07 14:37:25 | VRS | sell | $4.650 | 0 |
The run was over. Notice once it broke the uptrend it started making lower highs.
i shorted this exact spot for EOD flush. just a dead cat bounce..when its over u hammer it.
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I actually think this was a good trade. The flag broke, but then pooped out, so you stopped out with minimal loss. Looks like you did it right. The only thing I would say is that this one was so overextended on the daily, and it was late in the day too, so the risk was higher that it wouldn't have enough juice to pump it back up. So higher risk trade, but worth a try!