BABA Trade on Apr 23, 2019 09:41 from kerobo0000: Tradervue User Stock Trades.

Rationale:
-have been bullish on BABA & on morning of entry it could not break below 185.6 (hourly S/R) and had weekly VWAP below that level so there was a confluence of support
-couldn't enter calls b/c I was already day trading two other names this day

Key corporate events (earnings, dividend, investor day, etc.)= earnings on 5/15
How much risk should/did I take? $333 of risk, which is appropriate, little on the light side given levels of confluence (can quickly cut if thesis is proved incorrect)

Trade Planning
-structure: put credit spread
-major support: 185.6, 183.7
-add point: NA
-stop loss: $84 (.5x credit)
-take profit price / risk-reduction plan: close at 50-60%

2019-04-26 16:48:02
-closed this out a bit early to take risk off the table; market seems over extended and BABA seemed weak on the close so wanted to lock in profits (better this than letting it turn into a loser)
-if I had a bigger position, I would've scaled out and left a small piece on