Red to green/two day flag break. I gave this a $51.60 stop under the previous trendline bounce and took a pretty decent gain on it. I had a $54-55 target but it was starting to slow down and the daily was pretty extended so I decided to take the gain which was a good decision based on the result.
100 shares
+$120.08 (2.77%)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-11 10:12:23 | TWTR | buy | $52.280 | long |
2013-12-11 10:44:54 | TWTR | sell | $53.230 | long |
2013-12-11 11:24:31 | TWTR | sell | $53.731 | 0 |
Nice trade. Your risk on the trade was about $67. Is this the normal level of risk you allow per trade?
Mick, normally I have a max loss of about $150... this is my first week as a full time trader so I want to start it off on the right foot. In case of a bad streak or something I scaled back so losses would be very small. As I get into the swing of things I will start to size up!
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Nice job allowing the wiggle.