Short at apex of bear flag. Stop -.75, Target +1.50, +3. Took off 1/2 at low of day and took rest off when SPY bounced and V looked to be reversing.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-25 10:01:18 | V | sell | $201.280 | short |
2014-04-25 10:31:18 | V | buy | $200.180 | short |
2014-04-25 10:44:17 | V | buy | $199.250 | 0 |
Not at all as the risk warranted the reward. It was at apex of pattern and buyers weren't able to push it up and hold it from the gapdown at the open.
If i was wrong i was willing to risk
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Nice entry right before it rolled. Those big green candles at the open do not scare you? I feel it throws away my thesis.