This trade was awesome. The stock failed at its 200 DMA and I was looking for a short. The gap filled and forned a bear flag. Once it really got tight I shorted it as a red candle formed. Covered my risk, and the rest later after a huge rip.
Its such a shame that I was down 3 days in a row at this point, so I used only a quarter position size!!! But I've learned that I'm actually having lots of success on intraday flag breakdowns. Perhaps a shift of strategy is in order.
Execution detail:
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