Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Twitter Expects Q1 Operating Loss As Pandemic Hurts Ad Sales
-Moving with the market
Technical Analysis
-Intraday pattern: Runner, Big Pullback
-Levels: 24, 25.30, 25.90 - 26, 26.50
Original Plan / Strategy
First test long of 25.30 level with VWAP confluence
Review
Shouldn't have taken the trade as level got tested 10 cents away (25.40) before...
Stopped out, took my loss when 25.20 broke
Lessons Learned:
1. AGAIN, DON'T SECOND TEST LEVELS! Don't be afraid to scale in some early and add more once your level is actually tested!
2. AVOID LONGING LARGE CAPS WHEN SPY IS TANKING!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-24 13:58:55 | TWTR | buy | $25.290 | long |
| 2020-03-24 13:59:12 | TWTR | buy | $25.310 | long |
| 2020-03-24 13:59:46 | TWTR | buy | $25.280 | long |
| 2020-03-24 14:01:40 | TWTR | buy | $25.359 | long |
| 2020-03-24 14:03:14 | TWTR | buy | $25.260 | long |
| 2020-03-24 14:04:15 | TWTR | buy | $25.220 | long |
| 2020-03-24 14:04:39 | TWTR | sell | $25.190 | 0 |
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