Shared by
ShawnTrades
TWTR is a trade I should of stayed out but I got lured in. TWTR was mirroring QQQ but QQQ also looked good to break out so I got lured in. TWTR daily chart left a nice hammer candle on the previous day and looked good to bounce and break the downtrend resistance. I went to find an entry and saw it was consolidating below R1 so once it broke I got in but the same thing with PYPL happened with TWTR when QQQ pulled back for 2 5m candles TWTR just fell and stopped me out, While QQQ bounced back up and rippep TWTR stayed flat. NO RELATIVE STRENGHTH MADE THIS FAIL.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-08-05 10:29:51 | 6 AUG 21 70 CALL | buy | $0.3800 | long |
| 2021-08-05 10:43:10 | 6 AUG 21 70 CALL | sell | $0.3300 | 0 |
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