My trades on TWTR. I consider this to have been my best trading session so far, not because of wins or losses but because I was disciplined and took clear strategic entries. I've never felt calmer when trading.
Entry 1: An attempt at a long squeeze. TWTR had gapped up strongly PM and continued to do so. Seeing the pullback I took a punt that longs would take profits and create selling pressure, and I entered short. This didn't happen, and after 15 seconds of the price hovering around my entry I decided to come off the position. As you can see this eventually would have been a profitable trade if I'd held on. However for scalping plays like this I'm really looking for immediate resolution. Every second in this position made it feel less likely I'd make profit and more like a coin flip, so I came off break even.
Entry 2: Very pleased with this trade. The price fell back, touched the 9EMA, held it, and began to move up. I took an entry with a stop below the 9EMA, and partialled out first at 2R, then 4R. The final partials were more a case of just banking profit on the way back down and freeing myself up to look for another trade.
Entry 3: This was either a head and shoulders / mountain pass, depending on which way you look at it. For the Mountain Pass - I know it wasn't a strict MP set up, as the consolidation between the two 'peaks' was only one bar. But I'm also coming to think that at the open everything is compressed. The second peak failed lower than the first. I think my entry was a little late, I wanted to wait for confirmation before entering given how strong the stock had been, I had to be sure I wasn't getting in the way of a pullback. I went short and then took four partials on the way down.
Partials: A quick note on these. I need to do partialing better. I am currently using a P/L based stop loss, so I'll set a stop at -$10 P/L, take a first 50% partial when the P/L hits $20, take a second 50% partial when it gets back to $20 again (so now I'll be $20 banked with 25% share still held), and the final partial I'll generally then come off after a few ticks further or if a reversal happens. This could be worked out better, and I also want to look into using fixed risk hot keys.