Shared by
VATrader_BOWS
Gapped up and pulled back. Once back above all emas and remounted, took position. Failed to take profits at next resistance and got stopped out with a small loss. Second attempt after a brief consolidation failed and was stopped out again.
In hindsight, this should have been a nice short play at the open only. Subsequent run-up was a bear flag and should not have been taken as a long play.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-17 11:01:27 | SHOP | buy | $22.400 | long |
| 2016-02-17 11:06:55 | SHOP | buy | $22.650 | long |
| 2016-02-17 11:42:31 | SHOP | sell | $22.310 | 0 |
| 2016-02-17 12:22:22 | SHOP | buy | $22.370 | long |
| 2016-02-17 12:30:01 | SHOP | sell | $21.920 | long |
| 2016-02-17 12:37:46 | SHOP | sell | $21.910 | 0 |
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