Shared by
MikeD_BOWS_
TWTR bounced back from yesterdays sharp decline. I caught it coming off VWAP in an ORB and as the move was confirmed I added more and moved my stop up to mitigate loss.
Original buy of 200 had stop of 32.15 with risk of -$60.
By the 3rd buy in my stop was at 32.43 for an -$88 risk.
Mistakes: I should have sold at the first spike but instead sold when it pulled back thinking it was done. I sold all as well because of the recent market performance. Still got a nice gain.
Later you can see I tried to re-enter on a flag pattern but got stopped out. In this case I stopped myself out before it hit my loss because the pattern was broken. It ended up pulling back to VWAP confirming my suspicion.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-03-21 09:54:00 | TWTR | buy | $32.450 | long |
| 2018-03-21 09:57:00 | TWTR | buy | $32.560 | long |
| 2018-03-21 10:02:00 | TWTR | buy | $32.720 | long |
| 2018-03-21 10:26:00 | TWTR | sell | $32.770 | 0 |
Leave a comment about this trade!
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!