Shared by
iStryker_BOWS
Was eyeing this for 15minutes, it look like it had legs, I couldn't see the risk:reward on this stock, so I didn't enter. I was calling it out in the chatroom too (as there were still people short in it).
Finally I took 500 @ 57.70. Stop 55.50 which was under the 20ema and 9ema. Target 57.10ish (squeeze over 57.00). Max lost $100. Reward:risk 2:1.
Sold 1/2 57.12 Perfectly. Sold another 1/4 @ 57.60 so I didn't have to watch the stock anymore. Put my stop @ 56.90.
Once it broke 58.00 I move my stop to 57.90. It never hit it. Ended up selling it on the break of 59.00
Could've held the last quarter overnight
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-12-13 14:53:05 | TWTR | buy | $56.700 | long |
| 2013-12-13 14:53:55 | TWTR | sell | $57.120 | long |
| 2013-12-13 15:09:23 | TWTR | sell | $57.600 | long |
| 2013-12-13 15:47:46 | TWTR | sell | $59.050 | 0 |
Comments
tonyjames98_BOWS
Very nice
tomr_BOWS
Gena_BOWS
I love your patience on this, waiting for the convergence of the 9, 20 and 50dma's for support. Perfect!
PersianPirate-BOWS
Perfect entry and great exits. Even though the stock closed on HIGH's holding the last quarter as you mentioned overnight is a bad idea. The stock is very overbought, extended 9 candles up, outside boly bands and has made a 50% move. It's snapback time.
ejwolf1231_BOWS
Very nice execution, good job!
bethomas47_BOWS
What do you call this setup? I see it often after a stock has fallen and then bounced. But once the 9ema crosses back over the 20ema it usually takes off.
iStryker_BOWS
@bethomas, there was no goto setup. stock was flagging over the 9ema, thats when I start watching the stock
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!
Nice, quick profit. I don't have the guts to play this stock long right now. But then, I haven't for the past 7 DOLLARS of movement. ;)