Entered the trade on the flag breakout during the day long consolidation since it coiled up nicely for a breakout. Should have scaled out at least partially but instead decided to go for my R:R and ended up basically flat on the trade.
NOTE: overextended on the daily, short or nothing!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-17 13:11:11 | XON | buy | $37.200 | long |
2014-01-17 13:11:12 | XON | buy | $37.152 | long |
2014-01-17 14:26:40 | XON | sell | $37.230 | long |
2014-01-17 14:26:40 | XON | sell | $37.221 | 0 |
Thanks Ben, unfortunatellu there was no follow through action probably due to a choppy market day but I should have known better and scale out at the HOD and lock some profit.
NOOO U CANT TAKE THIS TRADE! TOO EXTENDED. ITS SHORT OR NOTHING
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Great entry.