2 wins= horrible day trading. Havent defined a shorting strategy yet, but do to the market turning, seeing that TWTR had its first ever positive net earnings report and the fact that it jump from $26close yesterday to $35 just after open, i assumed it wouldnt hold up and could be a good candidate for SS. Also been seeing comments from the warrior trading chat on other members recomending a SS.
1st Trade: Poor entry pos, got lucky and it happened to go my way. Decent exit but should of held longer considering the SPY was down, but decent since i caught the .50 bounce.
2nd trade: Decent enrty, but could of waited a minute or 2 for it to confirme reversal. After that, i let my emotions take over and was looking to hit a $200 profit target at ~$31.20. Should of had an order ready to take it as soon as it hit, but thought i could make even more when i got there. It instantly reversed. So i sat and waited instead of taking my $150. Stock went back up to almost break even and started dropping again, i thought for sure this time i could make $250. Almost got there, it reversed and i just sat there watching it again.
In hindsight, i was actualy reading the chart today very well, but let my greed get in the way. Ironicaly, if i had taken smaller profits and retaken positions at the peaks, i could of easily 3x my profits today.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-02-08 10:21:20 | TWTR | sell | $32.970 | short |
2018-02-08 10:36:37 | TWTR | buy | $32.550 | 0 |
2018-02-08 11:06:15 | TWTR | sell | $31.970 | short |
2018-02-08 14:55:37 | TWTR | buy | $30.550 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!