Shared by
Spartan_Trader
-$70.00
Bear flag. I took another trade in this grinder, didn't learn my lesson the first time. Stock did nothing but fart around. Unnecessary loss. I knew I should have stayed away but got in it anyways.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-04-04 10:57:31 | WMC | sell | $14.560 | short |
| 2014-04-04 10:57:31 | WMC | sell | $14.560 | short |
| 2014-04-04 10:57:32 | WMC | sell | $14.560 | short |
| 2014-04-04 10:57:32 | WMC | sell | $14.560 | short |
| 2014-04-04 10:57:32 | WMC | sell | $14.560 | short |
| 2014-04-04 10:57:33 | WMC | sell | $14.560 | short |
| 2014-04-04 10:57:34 | WMC | sell | $14.560 | short |
| 2014-04-04 10:57:34 | WMC | sell | $14.560 | short |
| 2014-04-04 11:32:31 | WMC | buy | $14.630 | short |
| 2014-04-04 11:32:31 | WMC | buy | $14.630 | short |
| 2014-04-04 11:32:31 | WMC | buy | $14.630 | short |
| 2014-04-04 11:32:31 | WMC | buy | $14.630 | 0 |
Comments
Spartan_Trader
2014-04-09 21:39:45
I agree. I felt like I shouldn't take the trade, but I didn't listen to my own rationale and took it anyways. I do this sometimes with shitty trades, not listen to the reasons against taking it. thanks for the feedback Mirko!
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This one was a tricky one to play mainly because it's less liquid. The better entry was on the candle before on the bear flag breakdown but even that entry would not result with a great trade since it seemed to be stuck in a range pretty much all day.