i was on the fence if it was gonna drop or go up cuz it's pretty extended but it was tight enough that i could've gone either way and if i was wrong lost minimal. i was wrong, out flat.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-06 15:21:00 | BABA | sell | $110.970 | short |
2014-11-06 15:30:00 | BABA | buy | $111.010 | 0 |
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You can't buy the stock to high first of all you don't have a pattern where you bought it the base and consolidation was that 110 break right before 3 o'clock also the stock is now on day four of its uptrend