544.11M float/6.70% short float/51.50%
Stop: 50.70$ tier 1/ 50.90$ for the adds
R: 2.5
$TWTR has been really strong the entire morning and started to base out right below a round number. 51.00s showed decent size on the offer and as soon as it traded, the bids dropped right away. However, there wasn't a single print below 50.70s and bids refilled pretty fast, too.
As soon as they nibbled away the offer at 51.00 I went with them and started to add agressively as soon as volume kicked in. From there, it was a mess.
I'm just not used to the tape of bigboard stocks and should have managed it according to support and resistance on the chart. I got confused instead and started selling support and buying resistance.
As some point I just lost my nerves and closed, because I just did not have the feeling of control in this stock.
Nevertheless, a textbook setup.
Execution detail:
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