Shared by
tomr_BOWS
Daily: ER/PR gap-up
Intraday: Flag b/d
Gain: -$119 (-0.9%)
Shares: 600
Stop: $21.65
Took short position when stock was flagging and moved below VWAP and 9EMA. Failed to see that there was a support level at $21.45 as shown on intraday chart. Also failed to consider that flag breakouts during lunch hours tend fade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-10 12:42:28 | FRAN | sell | $21.460 | short |
| 2014-01-10 12:42:28 | FRAN | sell | $21.460 | short |
| 2014-01-10 12:42:32 | FRAN | sell | $21.460 | short |
| 2014-01-10 12:42:33 | FRAN | sell | $21.450 | short |
| 2014-01-10 12:42:40 | FRAN | sell | $21.455 | short |
| 2014-01-10 12:42:40 | FRAN | sell | $21.450 | short |
| 2014-01-10 12:42:41 | FRAN | sell | $21.460 | short |
| 2014-01-10 12:53:44 | FRAN | buy | $21.660 | short |
| 2014-01-10 12:53:44 | FRAN | buy | $21.660 | short |
| 2014-01-10 12:53:44 | FRAN | buy | $21.660 | short |
| 2014-01-10 12:53:47 | FRAN | buy | $21.650 | 0 |
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