TWTR Trade on May 3, 2021 09:33 from JBanks: Tradervue User Stock Trades.

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JBanks

 

Missed the initial entry and because I didn't want to chase and get caught in retracement I decreased my position size to only 100 shares which is far below, but I entered on a hot key just cause I knew I wanted to be in the play. Once I was in profit I never wanted to increase my share size to a point I could possibly loss the money I just made so I scalped and got out at any possible support I perceived Moving average or Not moving fast enough in my opinion. I want to improve the managing of this trade to Put on appropriate shares, take half shares at 1r, immediately move stop to entry price, take profit another half at 2r, leaving me with a quarter shares. Let the 125 ride as of yet I don't have any rules for re entry outside of price action selling below a green. I came back and tried to risk the 800 shares later but didn't feel comfortable, and most likely hopped in this trade so I could track it, hence at least the 100 shares. Then I was content to scalp and took 17c. Shorting below Sole big green bars in the middle of a down trend still proves to be profitable with appropriate risk. It should have been a sell below two min bar play but missing it I sold below the 5 min bar, and that proved to to be scarier than expected, it bounced back up past my entry point and on the 5 min it looks like a twin bar forming but it didn't complete that way. With my new set of rules if I took half shares at 1r, I'd have to get out at my entry price to not lose money on the trade. I need to develop rules for reentry if I break even on a trade.

Ideally. I sell 800 shares of twtr at 55.20. close out 400 shares at 54.90(1r)($120). immediately move stop to 55.20 instead of 55.50. SO that I break even after taking partial profit. Close out 200 shares at 54.60 (2r)($120). Let the rest(last quarter), other 200 ride (what’s my stop loss on last 200?) best case it rides down to 52.70. Full travel of $2.50 cent. 55.20 to 52.70 on 200 shares is ($500). If I get out there at puts me at $740 on the trade. Make 3r safely out of a 7.18R play. This on may 3rd


Execution detail:

Date/time Symbol Side Price Position
2021-05-03 09:33:00 TWTR sell $54.890 short
2021-05-03 09:40:00 TWTR buy $54.749 0
2021-05-03 09:43:00 TWTR sell $54.590 short
2021-05-03 09:46:00 TWTR buy $54.450 0
2021-05-03 09:53:00 TWTR sell $54.340 short
2021-05-03 09:58:00 TWTR buy $54.170 0


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