TWLO Trade on Oct 6, 2016 10:14 from swing: Tradervue User Stock Trades.

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swing

Grade=C-
P/L=+1.75R

Daily Chart: Recent IPO starting to roll over from a run up. 60 was a key level to break and I saw price grinding down on 60 and the R/R was quite good and risk was tight.

Entry: Entered short as described above.

Result: I got the move without having to wait too long. The trade was profitable, but I was stopped out on my manually trailed stop. I could have doubled the profit if I had let it run.

Lesson: Look further into the story of the stock within the context of the market and if it looks like it will gain momentum in your direction, keep your stop loose to prevent being stopped out and let it run to a reasonable yet further-out target. Taking half off would have been another better management strategy.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-10-06 10:14:50	TWLO	sell	$62.030	short
2016-10-10 09:40:21	TWLO	buy	$58.739	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TWLO&trade=4899811&end=20170306&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TWLO&trade=4899811&end=20161106&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TWLO&trade=4899811&end=20161010160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TWLO&trade=4899811&end=20161010125521&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

TWLO Trade on Oct 6, 2016 10:14 from swing: Tradervue User Stock Trades.

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