Shared by
CDubKang_BOWS
Saw a bear flag with descending triangle on X. Support level shown at the 25.61 level. Waited on the pull back and retest of that level. Entered after retest on the 5 min. When the price kept going through the support line I had drawn, I exited out of the trade for a 4 cent loss. Looks as though I could have waited, but would have taken another half hour to still not break even. Cut and run.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-05-05 13:43:30 | X | sell | $25.610 | short |
| 2014-05-05 13:49:42 | X | buy | $25.650 | 0 |
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