Shared by:
youngcb1_BOWS
Daily: Flag
Intraday: Broke support. I shorted this stock and my entry at $67.85 was my stop price as well. It gapped up passed my stop but I remained patient as it didn't peak ova the previous lower highs and the MA's were still in a down direction. However, I didn't do the same for the next pop up as it was only a dead cat bounce. I got worried as the MA's curled up a bit and so I exited as oppose to riding the down trend. The lessoned learned is be consistent with patience and at least let it reach your previous entry/stop before exiting.
Execution detail:
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