BABA Trade on Oct 27, 2015 10:13 from ToqueX: Tradervue User Stock Trades.

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ToqueX

 

Grade=C-
P/L: +1.8R (but used smaller due to higher perceived risk because I was aware that I was chasing a bit)

Entry: bear flag. Gapped up and price action got tighter on the key level of 81 under its EMAs on the 5m chart. I watched it crack 81, was ready to forget the trade, but the price action stalled just a little on the tape, so I decided to hop in with a tiny position.

Result: I got the move and scaled out halves at the next key level of 80 where the price action slowed. I kept trailing the stop tight since it was a such a small position and not worth it to hang onto those last 4 shares.


Execution detail:

Date/time Symbol Side Price Position
2015-10-27 10:13:12 BABA sell $80.770 short
2015-10-27 10:20:13 BABA buy $80.000 short
2015-10-27 10:26:30 BABA buy $79.960 0


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