Shorted TWTR against the 34.30 level at 34.25, as 34.30 had been an important resistance level and I figured a lower high was possible, looking for a wash back below 34.20 to 34.15, possibly lower. At first, the trade quickly worked, and I considered shaving some off at 34.20/.21 but that would have only been 1R, and 34.20 held to the T. It quickly popped back up to stop me out. I did consider changing my stop to 34.27 to be stopped out if it made a subtle higher high, but I decided to let the trade work since I hadn't taken partials and was expecting more of a wash below 34.20 first.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-05 10:20:17 | TWTR | sell | $34.250 | short |
2019-02-05 10:27:06 | TWTR | buy | $34.320 | 0 |
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