Shared by
markmandy54_BOWS
Missed the first move and run, waited patiently for flag and the 9EMA to act as support. Stop -.40 (which in hindsight was too loose). Nailed the entry and very pleased. Target +.70, +1.25, +2. Took off 1/4 at +.70 (great 1st sell but should have sold 1/2), and foolishly put stop on rest at B/E. Again my thought process should be take 1/2 off on the initial run with the expectation to add back on the back test of the B/O spot (and which coincided with the rising 20MA).
WEEKEND REVIEW LESSONS:
1 - Sell 1/2 (instead of 1/4) into initial spike from B/O as they seem to always pullback after.
2 - Look to add on P/B to B/O area and not have stop at support.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-14 10:57:01 | TWTR | buy | $43.740 | long |
| 2013-11-14 11:17:35 | TWTR | sell | $44.430 | long |
| 2013-11-14 11:36:07 | TWTR | sell | $43.720 | 0 |
Comments
Patti-Garland
bravo! you got a good entry and you sold perfectly on the spike!!!! just set your stop to your buy price on the rest and you always come out ahead. you can always get back in if/when another pattern sets up.
bjstrade9_BOWS
charlesk_BOWS
ckz8780
kunal00
not bad..u can sell 1/4 if ur doing a longer trade or a mini swing.. it all depends on what ur goal of the stock is. is a 5 minute trade or an intraday swing or a mini swing etc
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Yeah Mark, unless you are handling a lot of shares I recommend taking 1/2 of your shares. Even 2/3 if its a massive spike likely to pullback. Cheers ~~