This was based on a very positive intraday news report on this IPO I've been watching for a week now. It was a new set up for me and my mentor mentions that this type of trade is very risky. Therefore, I played with a small position and $50 risk level. Since position was small I took my entire position off at the first target. I also lost internet connection at the 1st target; hence, I lucked out and made a fews cents more than expected. As shown in the chart I could have done much better but I didn't want to assume the News Risk or another reccurrence of my platform failure.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-07-20 09:51:07 | TWLO | buy | $40.040 | long |
2016-07-20 10:02:54 | TWLO | sell | $40.700 | 0 |
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