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youngcb1_BOWS
I was anticipating a pullback play. The stock made multiple fake outs before attempting to breakout. I entered a long position too early with a stop at $14.15. I was giving this stock a little bit of a chance so I didn't abide by my stock completely. Once the stock went against my entry I exited my shares.
The stock wasn't ready to break out because the candles on the pullback were still too extended. I should've waited for the strong support and also tight coiling before I entered. Just got to be more patience with my entry.
I entered again once the coil started to form and my risk was managed better. My mental stop was at 14.10 and I entered a long position since this stock was holding at support with a very light red volume bars. The stock broke the flag, spiked up and I scaled out 100 shares. As the stock showed signs of consolidation I exited the rest of my shares.
Execution detail:
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