Shared by
jay_mtf
Twitter would have worked out to be such a beauty. But I chickened out at the open and didn't short like I wanted to. I thought It would run to like $40. I remember the 1min 200EMA lining up with pre market support and price bounced off of there perfectly so I thought "geeze, I missed the market open short, and then the bounce... am I fomo trading right now or is this a valid set up??" - I watched price action for a bit and then decided to short. Price quickly went in my favour and then back to break even so I got out bc it was changing momo.
I checked up on the charts later and my thesis was right in that a short was unfolding, however it happened aprox 15-20 mins after I walked away for the day. I like stocks bc the 1 Min chart , with certain reversal candles, is easy to read. So after I closed , price went back n forth a while longer and then gave the clear reversal signal I was looking for. Next time hopefully I'll be able to spot the set up, wait patiently for the signal and then make my move.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-02-08 09:59:02 | TWTR | sell | $33.170 | short |
| 2018-02-08 09:59:10 | TWTR | sell | $33.210 | short |
| 2018-02-08 10:00:37 | TWTR | buy | $33.190 | 0 |
Comments
jay_mtf
Thanks brother appreciate the support. Just saw your comment. I'm stuck on time too. Bc of work I can only trade for an hour or so in the AM.
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Oh man.. If you only got back in later in the day.. Good for you though for sticking to your strategy. Discipline will get you farther in the long run. Its a marathon, not a sprint..