BABA Trade on May 4, 2015 10:23 from camilogomez38: Tradervue User Stock Trades.

I did not plan this one, but I had the stock on my watchlist and when I saw it consolidating lower near an important support level, I decided to short on a rally. I cover the full position when I saw a reversal candle with decent volume around the important level (80.10-80.15), my intended target. I missed my exit, and I had to cover 10-20 cents higher.

I tried again when I saw the failure at 80.80, but I covered as the stock held higher than where I wanted to.

Review

I was not supposed to buy/short on anticipation. I should have waited for the stock to fail and then get in below 80.65 (80.55) Lower reward but I would have followed my plan/rules.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-05-04 10:23:56	BABA	sell	$80.680	short
2015-05-04 10:36:05	BABA	buy	$80.270	0
2015-05-04 11:02:58	BABA	sell	$80.630	short
2015-05-04 11:07:38	BABA	buy	$80.630	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BABA&trade=2463921&end=20150603&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BABA&trade=2463921&end=20150504160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=BABA&trade=2463921&end=20150504132238&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=BABA&trade=2463921&end=20150504115338&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

BABA Trade on May 4, 2015 10:23 from camilogomez38: Tradervue User Stock Trades.

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