Bear flag. First target was $9.21. Sold half at $9.32. My only real RTS was that it was moving pretty slowly so I wanted to take some profit. It made it's way down to my target for a second and hovered around $9.25 but for some reason I didn't the rest. Guess I got greedy and was hoping for a break of the LOD. Market bounce there and so did GTAT. Out rest when it crossed the 9ema. The entry was good but the sells were not. This was an opportunity to load up when it never pulled back past my entry price. Left quite a bit on the table here.
R/R 3/1
1.21R .9%
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-27 10:59:57 | GTAT | sell | $9.420 | short |
2014-01-27 11:51:06 | GTAT | buy | $9.320 | short |
2014-01-27 12:42:05 | GTAT | buy | $9.350 | 0 |
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