Bear flag after finally making its big move down. Had to let my stop out a little when it bounce but my risk was still low and I had jumped out twice on this stock today and missed a bigger move. I covered on the next big spike down but since I only had 100 shares I ended up missing out on about .20 of the down side. Overall I'm happy that I was correct in my assessment of the stock direction on the day and I was able to manage my trades to ultimately be profitable.
R/R 2/1
4.7R
1.4%
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-04 13:55:02 | WWE | sell | $23.510 | short |
2014-02-04 14:51:18 | WWE | buy | $23.180 | 0 |
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Nice work.