Shared by
jakenovak
TWTR dipped below 34.20 very briefly and was bought back up, then began to hold the 34.20 bid; there were a decent amount of buyers at 34.20 on the L2 compared to other price levels, and it was an important level intraday, so it seemed to be a great price to get long (as close to it as possible) with risk below it, at 34.19. I was able to take the 34.22 offer, and place a stop at 34.19. My first target was 34.30, as this was an important resistance level earlier in the day. I took more off at 34.40, which was just below the high of day. I took more off at 34.48 when the 34.50 offers were cleared but it quickly dropped back below that level. Finally, I took the rest off when I sensed rebalancing and saw a good short setup appear; TWTR was rather extended at this point and was appearing to be making a lower high. I wanted to get short with risk on the newly made HOD.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-02-05 10:55:10 | TWTR | buy | $34.220 | long |
| 2019-02-05 11:00:36 | TWTR | sell | $34.300 | long |
| 2019-02-05 11:02:02 | TWTR | sell | $34.400 | long |
| 2019-02-05 11:04:05 | TWTR | sell | $34.480 | long |
| 2019-02-05 11:17:09 | TWTR | sell | $34.420 | 0 |
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Hi I did a similar trade exactly at the same time. And today pre-market as Twitter held above 34.50 and extended much, i have shorted at the openning with a nice profit.