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sk6345
Saw a bear flag continuation setup on the daily chart and looked for an intraday entry. Saw breakdown pullback intraday and entered a short position for 100 shares at $23.82. I set my stop 15 cents away at $23.97 and got stopped out. I believe the mistake I made was not paying attention to previous intraday price action. the first candle was was a huge gap down. It ran down pretty low but ended up closing much higher than it's lower, closer to the open. The candle before the one I bought in on did the same thing. This may have been a signal the downward movement was losing it's momentum.
Execution detail:
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The gap down just kind of ruined this being a short. This was the 4th down day in a row and it got too close to support.
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