TWTR had a distribution pattern most of the day yesterday as well as into premarket today, it could not trade above 32, a key level from recent months. I shorted pretty much as soon as the market opened with risk initially at 32.05 (previous day's highs) and a large seller appeared at 32.00 and they held the offer there. This was a great opportunity to add with an adjusted stop at 32.01 and very tight risk on the shares that were added. I did not take this opportunity but later regretted it, since this could have been a pretty big trade with such tight and defined risk.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-09 09:30:09 | TWTR | sell | $31.890 | short |
2019-01-09 09:39:39 | TWTR | buy | $31.660 | short |
2019-01-09 09:47:39 | TWTR | buy | $31.590 | short |
2019-01-09 09:50:16 | TWTR | buy | $31.830 | 0 |
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