I was watching this stock for a break on the daily flag. When it broke the daily trend I waited for an entry on the 5 min, and caught the first flag as it came back to 9 EMA. This was somewhat anticipatory on my part as there was a lot of action on this stock at the time, and it was not holding any price for long. That probably should have been a hint that it would shake me out. The bounce never happened, and it stopped me out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-21 09:57:50 | NPSP | buy | $36.470 | long |
2014-01-21 10:14:30 | NPSP | sell | $36.370 | 0 |
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