Shared by
kbeckworth
When FAST broken back under it's EMAs around $50.90 I was watching for a bear flag entry point. I though I had found one at 49.40 with a low relative volume consolidation. Entered the short but I was being impatient today and didn't let the candle finish forming. Just after the trade went through the candle went from red to green and volume increased rapidly forcing me to cover.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-04-11 10:37:56 | FAST | sell | $49.140 | short |
| 2014-04-11 10:37:56 | FAST | sell | $49.150 | short |
| 2014-04-11 10:37:56 | FAST | sell | $49.160 | short |
| 2014-04-11 10:41:50 | FAST | buy | $49.430 | short |
| 2014-04-11 10:41:51 | FAST | buy | $49.400 | short |
| 2014-04-11 10:41:51 | FAST | buy | $49.410 | short |
| 2014-04-11 10:41:51 | FAST | buy | $49.410 | short |
| 2014-04-11 10:41:51 | FAST | buy | $49.400 | 0 |
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