On main watch (along with SQ and SNAP) because I liked the daily. Nice accumulation volume the last 3-4 days, break and hold above R1=$43.8 opens the road to next important level on daily R2=$45.2.
Choppy for the first 30mins after open, but then volume came and squeezed above R1=$43.8.
Beautiful 1-hr consolidation above R1, sellers couldn't even press for a retest of the level.
Got long Tier 0 at the shallow pullback to R1, risking LOD=$43.4s, but then added more as name was holding prices really well, tightening stop below R1+VWAP. Added momo tiers for the break of $44 and HOD, expecting a quick pop to $44.3 to sell some.
Pushed higher but got rejected at $44.15s and rolled over.
(-) Very bad reaction here cutting 50% of size w/o reason. I should have waited for it at least to break VWAP. Even worse was the fact that I never re-entered the size once it showed commitment holding above $44s.
Sold the remaining size in-front of $45 whole number. Literally kissed target R2=$45.2 before selling-off a bit at the close.
(-) Botched it...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-20 10:23:47 | TWTR | buy | $43.935 | long |
2020-11-20 10:36:34 | TWTR | buy | $43.925 | long |
2020-11-20 10:37:17 | TWTR | buy | $43.945 | long |
2020-11-20 10:58:37 | TWTR | buy | $44.040 | long |
2020-11-20 11:11:35 | TWTR | buy | $44.040 | long |
2020-11-20 11:32:51 | TWTR | sell | $43.980 | long |
2020-11-20 13:33:06 | TWTR | sell | $44.890 | 0 |
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