Bought BABA while it was trying to bottom under $111. I closed out the original position after we couldnt hold back above $111 for very long then realized that was me playing to tight on a big stock. When it looked like it was holding off the $110.7 area I repurchased those same shares with the original stop under $110.5. It was good that I recognized the mistake and was able to rebuy. I then sold 100 of the 150 shares into $111.8 resistance. It hung around that area for most of the day and I was waiting for upside follow through. When it looked to be setting up and trying for a 3rd attempt above the $112 area I bought back 50 shares. It ended up not working and losing the range so I sold all of it. Good patience on the trade and decent management.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-18 10:39:56 | BABA | buy | $110.895 | long |
2014-11-18 10:39:56 | BABA | buy | $110.890 | long |
2014-11-18 10:50:23 | BABA | sell | $110.750 | 0 |
2014-11-18 10:52:59 | BABA | buy | $110.810 | long |
2014-11-18 11:03:35 | BABA | sell | $111.790 | long |
2014-11-18 13:05:03 | BABA | buy | $111.865 | long |
2014-11-18 13:15:40 | BABA | sell | $111.620 | 0 |
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