I jumped in anticipating the flag B/O which did happen and ended up running for $3+. But, I set my stop just a tad too close at 60.50 and the price just grazed it to stop me out. I'm going to the gym to beat myself up now...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-30 13:43:42 | TWTR | buy | $60.700 | long |
2013-12-30 13:44:45 | TWTR | sell | $60.650 | 0 |
2013-12-30 13:50:17 | TWTR | buy | $60.760 | long |
2013-12-30 13:50:21 | TWTR | buy | $60.746 | long |
2013-12-30 13:50:21 | TWTR | buy | $60.750 | long |
2013-12-30 13:50:22 | TWTR | buy | $60.750 | long |
2013-12-30 13:50:22 | TWTR | buy | $60.750 | long |
2013-12-30 13:50:22 | TWTR | buy | $60.750 | long |
2013-12-30 13:50:22 | TWTR | buy | $60.750 | long |
2013-12-30 13:50:22 | TWTR | buy | $60.750 | long |
2013-12-30 13:56:53 | TWTR | sell | $60.600 | long |
2013-12-30 13:56:53 | TWTR | sell | $60.600 | long |
2013-12-30 13:56:53 | TWTR | sell | $60.600 | 0 |
Have to notices your area of support..http://screencast.com/t/VoWjf4Yf
$TWTR requires a looser stop when trading it.
I made the opposite play and went long at this point for a very quick scalp. TWTR has been crazy lately - gotta be careful.
Good point Nape. I didn't even notice that the old resistance was the new support. A small adjustment and I would hit the homerun. Thank you. I will be keeping that I mind from here on out.
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dang! you almost had it!