Shared by
foldelinio_BOWS
544.11M float/6.70% short float/51.50%
Stop: 50.70$ tier 1/ 50.90$ for the adds
R: 2.5
$TWTR has been really strong the entire morning and started to base out right below a round number. 51.00s showed decent size on the offer and as soon as it traded, the bids dropped right away. However, there wasn't a single print below 50.70s and bids refilled pretty fast, too.
As soon as they nibbled away the offer at 51.00 I went with them and started to add agressively as soon as volume kicked in. From there, it was a mess.
I'm just not used to the tape of bigboard stocks and should have managed it according to support and resistance on the chart. I got confused instead and started selling support and buying resistance.
As some point I just lost my nerves and closed, because I just did not have the feeling of control in this stock.
Nevertheless, a textbook setup.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-24 13:48:48 | TWTR | buy | $51.000 | long |
| 2015-03-24 13:53:09 | TWTR | buy | $51.080 | long |
| 2015-03-24 13:53:12 | TWTR | buy | $51.070 | long |
| 2015-03-24 13:54:24 | TWTR | buy | $51.180 | long |
| 2015-03-24 13:55:09 | TWTR | sell | $51.230 | long |
| 2015-03-24 14:04:13 | TWTR | buy | $51.230 | long |
| 2015-03-24 14:06:13 | TWTR | sell | $51.290 | long |
| 2015-03-24 14:33:55 | TWTR | sell | $51.160 | long |
| 2015-03-24 14:34:21 | TWTR | sell | $51.130 | long |
| 2015-03-24 14:42:17 | TWTR | buy | $51.260 | long |
| 2015-03-24 14:43:20 | TWTR | sell | $51.320 | long |
| 2015-03-24 14:46:45 | TWTR | buy | $51.450 | long |
| 2015-03-24 14:49:08 | TWTR | sell | $51.390 | long |
| 2015-03-24 14:57:45 | TWTR | sell | $51.310 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!