Shared by:
ToqueX
Grade=C-
P/L= +0.65R
Entry: bear flag, short the bounce up from support
Result: This was a volatile stock with news behind it, so I was looking for the short and using a very small position. I got the move, but also got out quickly and was a bit too quick to get out on the last chunk. I could have had more conviction on it going down more, or trailed my stop slightly looser.
My entry could have been a bit better and I could have put in a limit order for the entry at 103 and waited for it to hit, but of course that would have required more patience and conviction in that happening while still having conviction in the move to the downside.
It was on the 2nd candle after the first spike on the 5m chart, so I don't think my entry was too too bad.
Execution detail:
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