BABA Trade on Dec 29, 2020 10:08 from Runner73: Tradervue User Stock Trades.

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Runner73

 

1)
I liked how $BABA looks like at that point, also had some VWAPs from first top and VWAP from 9:50am (consolidation before break)
Stock kinda made a double top and was going to broke above, I saw the power in $BABA but Market was really weak on the open,
so I pretty sure that market pushed us down, stock kinda trying to go higher, try to sustain above $233, offers running to .19 cents
market pushing lower and bids dropping quickly below $233, the high was $233.50, at some point offers were at .30 cent area but bids
were pulling down to .10 cent, stock was trading in a range .20-.35 cents, printing a lot on both sides, at some point stock dropped
to round number very surely, lost round area and stopped at .80 cents - jumped back up above $233 to .15 cents and went back down
I liked the fact that stock was dropping to .80 cents and immediatyly rebid to .90 cents, stock ended up losing .80 cents to .50 cents
and now stock can't go above .80 cents, pushed to $233.14 and dived back below, my right exit point was below that .80 cents area,
but I didn't watch the tape close(bad guy), stock of course dropped and stopped me out, I GOT WHAT I DESERVED.

2)
So, what can I tell you, you're an ididot that didn't watch the tape closely that day for some reason, but, stock dropped to $231.40
(intraday level) Now I see that tape stopped at .40 cents area and refused to drop, was trading in a range of .40-.60 cents -
you probably can take it around that .40 cents area with very tight risk, lets say you don't, ok, stock pushed through .60 cents and was
ranning to .80 area, around .80 cent was a good area too, but I got in above $232, that $231.40-$232 area was very good, it was above VWAPs
from PM and from 9:37 from the bottom, so we looks like cought that area and through pushing through $232.40 area(plenty of VWAPs)
Stock went steady o the tops, pushed through and came to $235, I saw that stock have a trouble to get above, I got $2.5 move so decided
to close the pos


Execution detail:

Date/time Symbol Side Price Position
2020-12-29 10:08:58 BABA buy $232.870 long
2020-12-29 10:13:23 BABA sell $232.230 0
2020-12-29 10:18:23 BABA buy $232.170 long
2020-12-29 10:43:55 BABA sell $234.720 0


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