BABA Trade on Feb 4, 2021 09:35 from hermanho939: Tradervue User Stock Trades.

Gap up several percent; poised to fill the gap on 27 Nov daily. Long bias.

Non-threatening declines in 9:30 to 9:32. Long bias not displaced. Decision of entry after 9:34. 9:33 is tail candle making daily low, so, stock is in a temporary counter-trend. 9:34 is an inside tail candle with same volume. Decision of entry after 9:34. Stop loss is less than 0.5% at daily low. Not a perfect entry, since 9:31 and 9:32 are weird candles. But, sufficiently reasonable entry, worth the risk.

Stock under long consolidation until 10:00. There is volatility contraction, so no reason to exit within it.

Decision to exit first half after 10:01; breakdown candle breaking structure. Totally reasonable.

Decision to exit second half within 10:02, because there is strength in the second consecutive breakdown candle. In hindsight price really closed below daily low, so correct decision.

Although price almost subsequently bounced back into the structure after I exited, it is correct for me to be shaken out. There is an even higher possibility that price would drop lower instead of bounce back. Risk management should be commended.