TWTR Trade on Feb 13, 2014 14:32 from Rashod81_BOWS: Tradervue User Stock Trades.

I decided to go long when I saw a few things that made since to me at the time.

First, I saw that ti was overextended to the downside intraday. Then, I saw that it was approaching the day's opening price which was close to a round number, $56. I set a mental stop several pennies below my entry at $55.98.

I started to enter with twice as many shares as I did, but this was just an opportunity to test a theory of mine. I also started to hold on longer considering that even if it was going to continue to the downside it wold more than likely touch the 9EMA riding down over top of it. Success!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-13 14:32:25	TWTR	buy	$56.040	long
2014-02-13 14:32:25	TWTR	buy	$56.040	long
2014-02-13 14:32:25	TWTR	buy	$56.030	long
2014-02-13 14:39:07	TWTR	sell	$56.385	long
2014-02-13 14:39:07	TWTR	sell	$56.385	long
2014-02-13 14:39:07	TWTR	sell	$56.385	long
2014-02-13 14:39:08	TWTR	sell	$56.370	long
2014-02-13 14:39:08	TWTR	sell	$56.370	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TWTR&trade=840910&end=20140315&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TWTR&trade=840910&end=20140213160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TWTR&trade=840910&end=20140213153708&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Markmandy54

2014-02-13 22:10:21

Nice play off the 56 support. What was the risk?

Rashod81_BOWS

2014-02-13 23:37:38

6 cents risk. I figured I could afford it.

TWTR Trade on Feb 13, 2014 14:32 from Rashod81_BOWS: Tradervue User Stock Trades.

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