BABA Trade on Nov 6, 2014 14:36 from pstark89: Tradervue User Stock Trades.

This was a stupid trade. I saw the stock approaching decent resistance around 110 so tried the short. If I would have looked beyond my face, it was a perfect long set up with multiple taps and a rising ma's.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-11-06 14:36:01	BABA	sell	$109.700	short
2014-11-06 14:36:02	BABA	sell	$109.700	short
2014-11-06 14:43:40	BABA	buy	$109.867	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BABA&trade=1549191&end=20141206&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BABA&trade=1549191&end=20141106160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

grove_under

2014-11-08 19:11:27

I hate getting stopped out on short trades in tight consolidations, such as that decent volume wickout bars just before you got in.

But I've found that when a wickout bar like that takes place, and the price then quickly breaks out higher out of the consolidation, that's yet another good reason to add to the list for the long side.

I know it's easier said than done, especially since you have to change your thinking and bias from short to long really fast.

BABA Trade on Nov 6, 2014 14:36 from pstark89: Tradervue User Stock Trades.

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