I bought the bear flag just before the break, but it only dropped slightly and kept bear flaging, I reshorted, and it broke upard and I stopped with a small loss, really controlled my stop on this one. Please let me know how I misread this one.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-29 10:46:49 | VJET | sell | $14.490 | short |
2014-04-29 12:11:26 | VJET | sell | $14.490 | short |
2014-04-29 12:18:57 | VJET | buy | $14.550 | short |
2014-04-29 12:19:13 | VJET | buy | $14.570 | 0 |
Notice how it was coiled up when you added to the short position. That was a time to long the stock for a scalp.
Agree with ftai. This double bottom hold was a cue to exit.http://prntscr.com/3ezuvo
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First short entry was good, but should've covered half when it went down to 14.3, set stop at break even for the other half. The second entry should've been long. I am sure that you know that already. It's not easy. I am struggling also.