Shared by
kentf_BOWS
Tried playing this one twice. Trying to short within the bear flag. It tested support several times and was just waiting for the flush. Got stopped out twice. If I had my stop just 3 cents higher I wouldn't have been stopped out and could have gotten the flush.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-05-14 13:54:15 | EXPE | sell | $71.080 | short |
| 2014-05-14 14:04:49 | EXPE | buy | $71.130 | 0 |
| 2014-05-14 14:16:56 | EXPE | sell | $71.060 | short |
| 2014-05-14 14:30:31 | EXPE | buy | $71.140 | 0 |
Comments
kentf_BOWS
2014-05-15 02:15:13
Hey Jonathan, yeah this one was super frustrating especially since I saw what happened later. I think my problem is I set the stop too tight. For you, my two cents is to set a hard stop just above or below support and let it ride out. Only sell off once you make some profits.
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that happens to me a lot , which is why I am so interested in improving my reasons to sell list. If you had just waited a little more you had the right idea!