Perfect trade in BABA. I saw it hesitate, but did not trust the first decision candle as it looked like it could go either way. I waited for another minute and another candle.
Higher prices were rejected and on the break of lows I jumped in, but hit the wrong key just filling quarter tier. BUMMER! I realised my size just when I was about to take a partial. Played around with my size in the morning and switched tier-sizes.
As the size was so small I was very patient with my exit. Took a partial into VWAP test and rest when it made an attempt higher. did not want to give back anything just to cover commissions etc.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-03-08 09:53:00 | BABA | sell | $173.610 | short |
2019-03-08 09:57:00 | BABA | buy | $172.940 | short |
2019-03-08 09:58:00 | BABA | buy | $173.020 | 0 |
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