Plays of the day MAT, TWTR, TRIP, IMGN
TWTR saw an interesting play form and took an entry, did not work out and cut. Problem was the sells were getting evaporated so quickly that I couldn't cut at a level desirable and took a larger loss than I would've liked. Small loss overall, seems to be reversing as well. Move on.
MAT nice play today. Patient with entry and faded nicely, took profits when key b/d level started to hold and SPY was kinda assisting the move up. Nice gain overall.
Everything else kinda reversed and didn't pan out as plan so no entries at all. Nothing unexpected. IMGN on the fence with regards to my interest in a play. Gonna sit back and let it play out more.
*Updates* Dang, hindsight review as always but MAT looking nice. Currently wondering whether I was just looking for signals to justify the profit taking after my bad exit on TWTR or if it was legitimately a good exit. Big picture play would have been to let levels test a bit more and reveal a bit more of the trend the price action is picking.
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