Shared by
ToqueX
Grade=D
The setup: experiment in chasing. I had seen "chasing" work out a lot as long as it was treated as a scalp opportunity and with the idea that the move could end at any time, and that profits should be taken quickly and to watch for the move to slow down.
The result: Got the quick scalp, but I wouldn't want this kind of trading to be my bread and butter. Very hard to measure R/R and likely unreliable unless one is very good at it and at identifying the big moves. It would require a really high win rate to make it work as a strategy. Better scalping could be done by at least playing bear flags on 1m or 2m charts effectively for the scalps.
Nonetheless, this was a big move! Got a tiny piece of it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-09-21 11:36:45 | BABA | sell | $64.200 | short |
| 2015-09-21 11:42:18 | BABA | buy | $64.100 | short |
| 2015-09-21 11:46:38 | BABA | buy | $64.000 | short |
| 2015-09-21 11:47:08 | BABA | buy | $64.020 | 0 |
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