Today I traded MCUR and TWTR. -$1215 on TWTR. MCUR I held overnight.
I am very frustrated with my trades on TWTR. I first went long after the morning wash. It was a perfect entry and I was up about $1000. It then reversed and instead of cutting off at brake even I decided to keep my stop at low of day. It broke that hard and I had some bad slippage on the sale. It covered for over a $600 loss. It was a mistake to not sell at brake even. I then tried long another time but it kept going lower so I sold. I tried a third time and it was a great entry. It ramped to VWAP but then pulled again. This time I sold when it hit my break even. Two cents after that break even sell it ramped right back and hit the area where I planned on taking my profits. I could have made back all those losses and then some but I got faked out by two cents. SOOOOOO frustrating. Some great entries with size, but poor decisions on sell executions killed this trade.
MCUR I went short in the morning. I chased some short expecting it to crack and go red but of course it did not. It ramped right back. I had room to add so I decided to add short on this pig, all within my risk ranges. I planned on keeping this thing short overnight so I am still short. I would not mind a ramp to 2 in the AM to add more short then I would be looking for it to fail and go red.
