I went for the day long consolidation breakout on that flag breakout but no go probably because it was getting overextended on the daily so I bailed out once it started breaking the 9EMA.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-12 13:03:35 | SN | buy | $31.780 | long |
2014-02-12 13:03:35 | SN | buy | $31.780 | long |
2014-02-12 13:03:35 | SN | buy | $31.780 | long |
2014-02-12 13:03:35 | SN | buy | $31.780 | long |
2014-02-12 13:14:20 | SN | sell | $31.600 | long |
2014-02-12 13:14:31 | SN | sell | $31.590 | long |
2014-02-12 13:14:43 | SN | sell | $31.620 | 0 |
lol i made the same trade/mistake -_-
"thou shalt not buy extended oil stock"
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$35.50 was idea entry for a low risk trade, but looking at daily chart it is extended.