Daily was a bull multi day bull flag. After the spike up it dumped below ma's, it started to come up and tap 20 ma, but didn't hold, I shorted. I wasn't sure about this after I bought it is within the bull flag, so it didn't break support, but everthing seemed to be flushing today, so I held, but moved the stop tighter and is stopped out. I should have sold it when it bounced off support at 11.43.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-27 10:39:01 | GALT | sell | $11.670 | short |
2014-01-27 10:39:17 | GALT | sell | $11.670 | short |
2014-01-27 10:39:27 | GALT | sell | $11.754 | short |
2014-01-27 12:32:33 | GALT | buy | $11.680 | short |
2014-01-27 12:32:34 | GALT | buy | $11.560 | 0 |
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No setup here. Look for stocks with tight clean patterns to trade.