Shared by
mick9800_BOWS
looking for a bounce play here. did not feel I had a good entry so changed my stop. if I had not changed the stop I would have hit my 1st target.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-12-30 09:56:01 | TWTR | buy | $60.260 | long |
| 2013-12-30 10:16:32 | TWTR | sell | $59.800 | 0 |
Comments
mick9800_BOWS
2013-12-31 06:37:02
I have decided just to play TWTR with a A+ setup from now on due to the volatility. Looking back at the chart from yesterday it only gave one really good entry on the pullback to the 9ema intraday around 13.55. Here you could have entered around 60.85 with a stop at 60.50. My previous entries had a stop around 1.5% away which decreases the amount you can by significantly.
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TWTR was a tricky play today. I probably would have had a tight stop, too, but TWTR is pretty volatile.
NAPE had a good suggestion of using looser stops with TWTR, but you also have to have good confirmation of your trade or you could sustain heavy losses.