Play: Bear flag
Very bad management on my behalf. I did not put my stop loss at the proper place. It should have been at 40.10 which would have allowed me to get the flush wanted. I also chased the entry. This taught me to use limit order on my entries. The entry wanted was 39.95 (break of a round #) and played the flush. Bad entry meant I had to re-asses stop loss based on my # of shares. Lesson learned after his one.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-08 15:00:31 | CSOD | sell | $39.874 | short |
2014-04-08 15:02:15 | CSOD | buy | $40.040 | 0 |
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