BABA Trade on Nov 6, 2019 09:48 from kerobo0000: Tradervue User Stock Trades.

Daily Report Card: D
-morning prep: D
-market prep: D
-stock prep: C
-level of focus: A

Rationale:
-BABA beat earnings expectations with strong revenue growth on 11/1
-I missed the easy 2nd day play trade on 11/4 the following day (pullback trade off of the top of the high volume price channel)
-on 11/5, BABA opened at the top of the 165-180 range its been trading in since June and pulled in to the 180ish level twice but I was too busy shorting it (due to weak/negative market conditions), I missed the long trades
-today BABA opened above the 182.75 (earnings premarket high) which really had me interested since there was no obvious resistance in the way for a long trade; BABA also broke out of the 173.34-182.75 range it put in during the premarket announcement of earnings

Trade Strategy:
-was really looking to get long on a bullish chart pattern: pullback to VWAP then hold higher, opening drive, W pattern, sideways consolidation above the prior high, sideways consolidation above the premarket high

How much risk should/did I take?
-810; 6% of NLV

Recap / Trade Management:
-name on my watchlist for the day; I noticed the big green candle that pushed price above the premarket high on large volume
-began to look for retracement or pullback; while price was pulling back to VWAP, SPY & XLY were below VWAP (although market was retracing towards VWAP), so I didn't enter right when it pulled back b/c I thought there was a chance it could fail VWAP
-price bounced off of VWAP and then held higher and I put on 1 tier, ready to add more if the opportunity came (risking down to the open 183.60 / roughly 30-40cents on the stock)
-price continued sideways for 2 more minutes before breaking back above 184; as soon as it started holding above 184, I entered 2 additional tiers

What did I do well?
-put on 1 tier with defined risk and scale in as price made the move up

How could I have traded this better?
-notice sideways price action along 185 and the increased volume at there 10a (increased volume + price failed to get above 185 = rejection)

What did the tape look like during the most important moments intraday?
-after my entry, i kept noticing that price wouldn't trade much lower than 183.80, then on the last test lower, I noticed larger orders on the tape as price traded up and thru 184
-near my exits, near the trendline/right after the trendline broke, I noticed more size join the offer as price tried to retrace to 185, then saw some sellers join the offer at 184.80

Where could I have been responsibly bigger?
-my first initial entry was the spot to get big, risking off the open price

Gain/loss relative to expected gain/loss:
-gain better than expected based on catch the move formula
-+20.5% ROC