TWTR doubled topped at 25.90, and then it tanked 30 cents. I saw some weakness at the 25.70 level, and I decided to get short. TWTR broke out of the 25.70 level and kept running up. I stopped out 20 cents, and I thought TWTR would hit 25.50.
Too much risk. This trade should not have more than .15 of risk. I was shocked by how much TWTR ran up, but I am glad I stopped myself out. #RespectStops
-Lower risk to 15 cents in this trade. You can always jump back into a trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-02-01 09:51:00 | TWTR | sell | $25.662 | short |
2018-02-01 09:56:00 | TWTR | buy | $25.830 | 0 |
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