Tried to anticipate a push towards HOD and above. Idea was correct; timing was terrible. When playing flags, it's important to time these plays correctly as the ideal entry is once the bull flag is confirmed by a break above resistance. Otherwise, it is just a flag and could be interpreted as a descending triangle which would make it short.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-10 10:26:56 | PLUG | buy | $9.560 | long |
2014-03-10 10:27:57 | PLUG | sell | $9.470 | long |
2014-03-10 10:27:58 | PLUG | sell | $9.470 | 0 |
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