Also a pre-market mover. I entered the it broke over the early morning high and the little consolidation zone forming. Again, used conservative risk-adjusted position sizing, learning from yesterday. TWLO moved up so I increased my position in what looked like a flag. When I saw it not going up further I tried to exit my position around $42.20 but I kept getting the TOS Rejection message. Then the flag failed and I got stopped out of my full position. Took the small loss.
Bought 100 shares again as it broke over the 9MA and held, but then it failed & broke back under & I got stopped out. 2 tappers r for losers =P. Happy with my Small risk, small position size though.
Tried again. Was hoping for a flat top breakout here. It did a bit and I took a tiny bit of profit scaling out in halves. Raised my stop and got stopped out the other half.
Don't know why it moved so little and the flags didn't breakout a lot. Felt like I was chasing and panicked on the 1 min chart. Think I prefer the 5 min or have to adjust something else to be more comfortable with the 1 min movement & frequent fluctuations.
Is this me trying to be a breakout trader? I guess. Maybe I should try pullbacks. I used alerts to monitor when TWLO was getting close to the breakout point while I was watching DWTI. I liked using the alerts although I guess I'l be able to set them better in the future so that I can actually take advantage of the breakout, not just see it happen.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-07-13 10:41:09 | TWLO | buy | $41.930 | long |
2016-07-13 10:45:25 | TWLO | buy | $42.280 | long |
2016-07-13 10:47:45 | TWLO | sell | $41.890 | long |
2016-07-13 10:47:45 | TWLO | sell | $41.890 | 0 |
2016-07-13 10:51:00 | TWLO | buy | $42.100 | long |
2016-07-13 10:55:17 | TWLO | sell | $42.000 | 0 |
2016-07-13 11:16:17 | TWLO | buy | $42.300 | long |
2016-07-13 11:24:34 | TWLO | sell | $42.580 | long |
2016-07-13 11:33:36 | TWLO | sell | $42.300 | 0 |
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this are all chases.. no setups.